You are an independent director and head of your company's audit committee. At the most recent audit

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You are an independent director and head of your company's audit committee. At the most recent audit committee meeting, you notice that Bob Blanchard, the head of internal audit, seems uncomfortable when describing the results of an audit of supply chain management. During private time, Blanchard tells the committee that the vice president in charge of the business line had demanded that the audit findings be revised to downplay the significance of the problems discovered during the audit. Blanchard admits that because this executive is a powerful figure in the organization, internal audit had softened the finding from "critical to significant. What problems does this present to you and to the committee?

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