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2 . A company s Audit Committee recently held a three - hour meeting with its internal auditors, its CFO, its Controller, and its external

2. A companys Audit Committee recently held a three-hour meeting with its internal auditors, its CFO, its Controller, and its external auditors. The meeting was held to investigate reports filed by two internal auditors about deficiencies in the companys internal controls and accounting department personnel policies. Both internal auditors were introduced to the meeting participants and were asked to participate in Question-and-Answer sessions about their concerns. Did the company do anything wrong?

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