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Whistle Blowing Mechanism
Whistle blower is defined as; One who reveals wrongdoing within an organization to the public or to those in positions of authority.
More recently, whistle blower mechanisms are considered a possible tool for the detection, and possibly prevention, of corporate wrong-doing.
Audit committees to establish procedures for:
(A) the receipt, retention, and treatment of complaints received by the issuer regardingaccounting, internal accounting controls, or auditing matters; and
(B) the confidential, anonymous submission by employees of the issuer of concerns regarding questionable accounting or auditing matters.
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