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analysis, formulate an opinion on whether or not these changes are sufficient in preventing financial fraud. Provide a rationale for your response. Debate it! Audit committees are an effective tool for detecting and preventing fraud. Provide a rationale for your response. -------------------------------------------------------------------------------- ACC 562 Week 3 Assignment 1 Madoff Securities (2 Papers) For more course tutorials visit www.uophelp.com This Tutorial contains 2 Different Papers Determine the regulatory oversight that was in place while the Ponzi scheme was operating, and speculate on the main reasons why they did not discover the scheme. Assume you are an auditor for a firm that had $10 million dollars invested in Madoff Securities.