[Verse 1] Board directors gather round the mahogany table Scrutinizing resumes, are these firms able? Independence questionnaires spread like playing cards Checking conflicts, family ties, financial guards The committee weighs each proposal's merit Seeking expertise without inheriting spirit [Chorus] Select, Monitor, Manage the dance S-M-M, give auditors their chance Independence is the golden thread Quality control keeps shareholders fed Select, Monitor, Manage with care Audit oversight everywhere [Verse 2] Rotation policies tick like clockwork mechanisms Seven years maximum, avoiding nepotism Fee negotiations balance cost and thoroughness Non-audit services require cautiousness Partner rotations shuffle the deck Maintaining skepticism, avoiding shipwreck [Chorus] Select, Monitor, Manage the dance S-M-M, give auditors their chance Independence is the golden thread Quality control keeps shareholders fed Select, Monitor, Manage with care Audit oversight everywhere [Bridge] Pre-approval matrices spell out boundaries clear Consulting work that threatens audit atmosphere Management letters scrutinized for weaknesses found Quarterly meetings where concerns are unwound Budget variances questioned with precision Every scope change needs committee decision [Verse 3] Exit interviews probe the audit team's candor Did management pressure create any slander? Quality indicators measure thoroughput and depth Hours allocated, testing procedures kept Performance evaluation weighs the final score Effectiveness metrics open every door [Chorus] Select, Monitor, Manage the dance S-M-M, give auditors their chance Independence is the golden thread Quality control keeps shareholders fed Select, Monitor, Manage with care Audit oversight everywhere [Outro] Committee charter defines the sacred mission Protecting stakeholders through informed supervision Select, Monitor, Manage eternally External audit oversight, our guarantee
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