It is almost always the role of the audit committee to check into such allegations -- Which is one reason the audit committee is comprised of independent directors.
The fact that the audit committee, on behalf of the company it is a part of, is the one doing this is nothing but expected and normal behavior. Certainly not a 'red flag' as you are seeming to imply by saying it was not CCME who hired Piper.
Thats like having a committee in the US congress start an investigation of some ethics violation and then someone saying congress is not the one doing the investigation. Just a bit silly as an argument, IMO.
Ah well, i'll stop arguing this with you. I don't own any shares so why should I debate this, lol.
-Fernando
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