They did whatever it took to be sure things were run right. That's why they're called "audit" committees! Of course this was a "real" company, with customers and revenues and products and profits. It wasn't a small "SCAM" company!
And mr_schnizzle since you say...
"Now your happy to swap the corporate board room for IHub's GTEM message board eh Cole?"
You bet I am! We sold the last company whose board I was on, and now I can do whatever I want. Gives me plenty of time for all my friends at iHub. This is a lot more fun!