As a result of the Sarbanes-Oxley Act, the audit committee must be composed of independent directors, who have the power to engage outside consultants.

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The Sarbanes-Oxley Act mandates that the audit committee be composed of independent directors, enhancing the committee's independence from management. This provision allows them to engage outside consultants or advisors to assist in their oversight responsibilities, ensuring more effective and unbiased financial reporting and audit processes.

As a Result of the Sarbanes-Oxley Act, the Audit Committee