Exhibit 15.1  QUEBECOR WORLD INC.  (the Corporation)  MANDATE OF THE AUDIT COMMITTEE  The Audit Committee (the Committee)
assists the Board of Directors (the Board) in
overseeing the Corporations financial controls and reporting, and significant
financing transactions. The Committee also ascertains that the Corporation
complies with financial covenants and legal and regulatory requirements
governing financial disclosure matters and financial risk management.  The Committee is a standing committee of the
Board.  COMPOSITION
AND QUORUM  The Committee is composed of a minimum of three (3) directors
who will be independent under the Categorical
Standards of Independence for  Directors
adopted by the Board and applicable law and stock exchange rules and guidelines.
Each member of the Committee must be financially
literate and at least one member must be an audit committee financial expert under
applicable laws and regulations (all as determined by the Board).  Members of the Committee do not receive any compensation
from the Corporation other than compensation as directors and committee
members. Prohibited compensation includes fees paid, directly or indirectly,
for services as consultant or as legal or financial advisor, regardless of the
amount, but excludes any compensation approved by the Board and that is paid to
the directors as members of the Board and its Committees.  The quorum at any meeting of the Committee is a
majority of its members.  Because of the Committees demanding role and
responsibilities, the Nominating and Corporate Governance Committee reviews any
invitation to Committee members to join the audit committee of any other
company or corporation. Where a member of the Committee simultaneously serves
on the audit committee of more than three (3) public companies, including
the Committee, the Board determines whether such simultaneous service impairs
the ability of such member to effectively serve on the Committee.  RESPONSIBILITIES  The Committee has the following responsibilities:  With
respect to accounting and financial reporting  1.Reviewing with
management and the external auditor the annual financial statements and
accompanying notes, the external auditors report thereon, the Managements
Discussion and Analysis of the Financial Condition and Results of Operations
(the MD&A) and the related press
release, before recommending approval by the Board and the release thereof.


2.Reviewing with
management and the external auditor the quarterly financial statements and
accompanying notes, the external auditors review thereof, the MD&A and the
related press release, before recommending the approval by the Board and the
release thereof.  3.Reviewing the
financial information contained in the Annual Information Form, Form 40-F,
Annual Report, Management Proxy Circular, MD&A, Prospectuses, and the
Quarterly Report on Form 6-K (including any Supplemental Disclosure
documents thereto) and reviewing other documents containing similar financial
information before their public disclosure or filing with regulatory
authorities in Canada or the United States.  4.Discussing with
management and the external auditor the Corporations accounting policies and
any changes that are proposed to be made thereto; and reviewing the disclosure
and impact of contingencies and the reasonableness of the provisions, reserves
and estimates that may have a material impact on financial reporting.  5.Reviewing with
the external auditor any audit problems or difficulties and managements
response thereto and resolving any disagreement between management and the
external auditor regarding accounting and financial reporting.  6.Ensuring that
adequate procedures are in place for the review of the Corporations public
disclosure of financial information extracted or derived from the Corporations
financial statements, other than the public disclosure referred to in
paragraphs 1 and 2 above, and periodically assess the adequacy of those
procedures.  7.Reviewing the
Committees report to the shareholders.  With
respect to risk management, internal controls and disclosure controls and
procedures  1.Overseeing the
quality and integrity of the Corporations internal control and management
information systems.  2.Discussing the
Corporations risk assessment and management policies.  3.Annually
reviewing managements assessment of the Corporations internal control over
financial reporting describing any material issues raised by the most recent
reviews of internal controls and management information systems or by any
inquiry or investigation by governmental or professional authorities and any
recommendations made and steps taken to deal with any such issues.  4.Assisting the
Board with the oversight of the Corporations compliance with applicable legal
and regulatory requirements regarding accounting and auditing matters as well
as financial reporting and disclosure.  5.Establishing
and, if required, revising procedures for the receipt, retention and treatment
of complaints or concerns received by the Corporation regarding accounting,
internal accounting controls, or auditing matters, including the confidential,
anonymous submission by employees of concerns respecting accounting or auditing
matters.  2


With
respect to the internal auditors  1.Monitoring the
qualifications and performance of the internal auditors and review their degree
of independence.  2.Reviewing the
internal audit program, its scope and capacity to ensure the effectiveness of
the systems of internal control and reporting accuracy.  3.Monitoring the
execution of the internal audit plan.  4.Ensuring that
the internal auditors are always ultimately accountable to the Committee.  With
respect to the external auditor  1.Reviewing, at
least annually, a report by the external auditor describing its internal
quality-control procedures; any material issues raised by the most recent
internal quality-control review of the firm, or peer review, or by any inquiry
or investigation by governmental or professional authorities, within the
preceding five years, respecting one or more audits carried out by the external
auditor, and any steps taken to deal with any such issues.  2.Reviewing the
annual written statement of the external auditors regarding all its relationships
with the Corporation (and its related entities) that, in their professional
judgment, may reasonably be thought to bear on their independence.  3.Recommending to
the Board the appointment of the external auditor and its remuneration for the
audit services and, if appropriate, the termination of its mandate (subject
however, in both cases to the shareholders approval) and monitoring its
qualifications, performance and independence.  4.Pre-approving
all audit services provided by the external auditor to the Corporation or any
of its subsidiaries, determining which non-audit services the external auditor
is entitled to provide, and pre-approving permitted non-audit services that may
be performed by the external auditor in accordance with the Corporations
Approval Policy for Services Provided by the External Auditor and with the laws
and regulations in force.  5.Revising
annually the Corporations Approval Policy for Services Provided by the
External Auditor.  6.Approving the
basis and amount of the external auditors fees for both audit and authorized
non-audit services, unless otherwise pre-approved.  7.Reviewing the
audit plan with the external auditor and management and approving the scope,
extent and schedule of such audit plan.  8.Reviewing the
Corporations hiring policies for current and former partners or employees of
the external auditor.  9.Ensuring the
rotation of relevant audit partners in conformity with the legal requirements
in force.  3


10.Instructing the
external auditor that it is always accountable to the Committee and the Board.  11.Making
arrangements for sufficient funds to be available to effect payment of the fees
of the external auditor and of any advisors or experts retained by the
Committee.  12.Obtaining from
the external auditor confirmation that it is a participant in good standing in
the Canadian Public Accountability Board oversight program.  13.Obtaining
annually from the external auditor a formal written statement of the fees
billed in compliance with the disclosure requirements of Form 52-110F1 of
Multilateral Instrument 52-110, Audit Committees.  With
respect to the parent company  1.Establishing
close coordination and communication with the audit committee of the parent
company.  2.Providing for
substantial sharing of information with the parent company and its audit
committee, to the extent permitted by law, while putting in place safeguards to
ensure that the sharing of information is not used by the parent company to the
disadvantage of the Corporations minority shareholders.  3.Reviewing and
monitoring all material related party transactions.  METHOD
OF OPERATION  1.The Chairman of
the Committee is appointed each year by the Board.  2.The Secretary
or Assistant Secretary of the Corporation acts as the secretary of the
Committee unless the Committee appoints someone else for a specific meeting.  3.Meetings of the
Committee are held at least quarterly and as required.  4.The Chairman of
the Committee develops the agenda for each meeting of the Committee in
consultation with the Chief Financial Officer and Secretary.  The agenda and the appropriate material are
provided to members of the Committee on a timely basis prior to any meeting of
the Committee.  5.The Chairman of
the Committee reports regularly to the Board on the business, findings and
recommendations of the Committee.  6.The Committee
has at all times a direct line of communication with the internal and external
auditors.  7.At each
regularly scheduled meeting, the Committee shall meet in camera.  8.At each
regularly scheduled meeting, the Committee meets separately with management,
the internal auditors and external auditor.  4


9.The Committee
may, when circumstances dictate, engage external advisors, subject to advising
the Chairman of the Board thereof.  10.The Committee
annually reviews its mandate, and reports to the Board on its adequacy.  11.The Nominating
and Corporate Governance Committee annually supervises the performance
assessment of the Committee and its members.  12.The minutes of
the Committee meetings are approved by the Committee and submitted to the Board
for information purposes.  The function of the
Committee is oversight, and nothing contained in this mandate is intended to
expand applicable standards of conduct under statutory or regulatory
requirements for the directors of the Corporation or the members of the
Committee. It is not the duty of the Committee or its members to perform  ̈field
work ̈. Even though the Committee has a specific mandate and its membersare financially literate,
they do not have the obligation to act as auditors or to perform auditing, or
to determine that the Corporations financial statements are complete and
accurate.  Members of the Committee are entitled to rely, absent
knowledge to the contrary, on (i) the integrity of the persons and
organizations from whom they receive information, (ii) the accuracy and
completeness of the information provided, and (iii) representations made by
management as to the non-audit services provided to the Corporation by the
external auditor. The Committees oversight responsibilities are not
established to provide an independent basis to determine that (i) management
has maintained appropriate accounting and financial reporting principles or
appropriate internal controls and procedures, or (ii) the Corporations
financial statements have been prepared and, if applicable, audited in
accordance with generally accepted accounting principles or generally accepted
auditing standards.  * * * * * * *  Last
reviewed and approved by the Audit Committee on November 3, 2008 Last
reviewed and approved by the Board of Directors on November 7, 2008  5