Provide a response to this two (2) part question. 1.) What is the role of the A

Provide a response to this two (2) part question.
1.) What is the role of the Audit Committee in an organization?
Provide a high level answer in 3 sentences or less.
In bullet form, name at least two specific (2) responsibilities of an audit committee.
2.) How did the Audit Committee fail Satyam’s shareholders?
Provide one specific failure of Satyam’s audit committee.
Recommend how to fix the problem in the future ( a proverbial “lesson’s learned” for future companies).
Your complete answer for #2 should not be longer than one paragraph.