It operates pursuant to a charter, which appears below. The 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.
In this context, the Committee has reviewed and discussed with management and the independent auditors the audited financial statements. 89 and 90. And, the Committee has considered whether the independent auditors' provision of non-audit services to the Company is compatible with the auditors' independence. In the context of the New York Stock Exchange rules, each member of the Company's Audit Committee must, in the judgment of the Board of Directors, be financially literate and one or more members of the Audit Committee shall, in the judgment of the Board of Directors, have accounting or related financial management expertise. The Audit Committee shall perform the duties assigned to it by Section 4.3 of the Company's Bylaws and as set forth in this Charter.