Maybe Audit committees have been around forever, because people think they are a good concept. A large fraction of the (time) cost in government (or dealing wi

Maybe Audit committees have been around forever, because people think they are a good concept. A large fraction of the (time) cost in government (or dealing with the government) is dealing with initiatives to audit everything, and cut wasteful spending. Not to say that eliminating waste isn't a good concept, but do not conflate the _idea_ of eliminating waste with any one particular implementation.