Audit committees thus would be well advised to have their minutes record that they have, in fact, considered each of the O'Malley Panel's recommendations in their deliberations on non-audit services. Information required in proxy statement . Independent public accountants . If greater than 50 percent, disclose the percentage of the hours expended on the principal accountant's engagement to audit the registrant's financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant's full-time, permanent employees. The Audit Committee reviews the Company's financial reporting process on behalf of the Board of Directors.
Management has the primary responsibility for the financial statements and the reporting process.
The Company's independent auditors are responsible for expressing an opinion on the conformity of our audited financial statements to generally accepted accounting principles. In this context, the Audit Committee has reviewed and discussed with management and the independent auditors the audited financial statements. Credits and Disclaimers Copyright 2001 by Glasser LegalWorks. All rights reserved. No part of this Web site may be reproduced without the prior written permission of Glasser LegalWorks.