Talisman Energy Inc. About Us Operations Investors News Corporate Responsibility HSE Careers About Us :: Governance :: Board Committees Members: Donald J. Carty, Thomas Ebbern, Michael T. Waites (Chair), and Charles M. Winograd Primary roles and responsibilities: reviewing and recommending to the Board for approval, the Company’s annual financial statements and accompanying annual management’s discussion and analysis; reviewing the Company’s interim financial statements and accompanying interim management’s discussion and analysis prior to their publication, filing or delivery to shareholders; reviewing the annual and all interim earnings press releases prior to their filing or publication; recommending to the Board the auditors who will be proposed at the annual shareholders’ meeting for appointment as the Company’s external auditor for the ensuing year; evaluating and ensuring the independence of the Company’s auditor; reviewing and pre-approving the terms of the annual external audit engagement plan, as well as non-audit services the auditor is to perform; reviewing results of external audit activities; reviewing the Company’s ongoing relationship with its auditor; maintaining direct access to the Company’s internal auditors and external auditor and meeting separately with each group; overseeing the internal audit function of the Company and its relationship with the Company’s auditors and management; reviewing and assessing regularly: a) the quality and acceptability of accounting policies and financial reporting practices used by the Company; b) any significant proposed changes in financial reporting and accounting policies and practices to be adopted by the Company; c) any new or pending developments, in accounting and reporting standards that may affect the Company; d) the key financial estimates and judgments of management that may be material to the financial reporting of the Company; e) policies related to financial disclosure risk assessment and management; f) responses by management to material information requests from government or regulatory authorities which may have an impact on the financial reporting of the Company; and g) the accounting treatment of large transactions through presentations by management and the Company’s auditor; reviewing and obtaining reasonable assurance that the Company’s internal financial control and information systems are properly designed and effectively implemented to produce accurate, appropriate and timely financial information; reviewing in advance the appointment of the Chief Financial Officer and the adequacy of accounting and financial resources; reviewing insurance coverage of significant business risks; receiving a report on the Company’s material subsidiaries concerning any material non-routine structures; reviewing corporate policies within the scope of its responsibility and monitoring compliance with such policies; in respect of matters within the Audit Committee’s purview and delegation, assisting the Board in its oversight of the Company’s compliance with legal and regulatory requirements; directing and supervising the investigation into any matter brought to the Committee’s attention within the scope of its duties; and reporting to the Board at each regularly scheduled meeting following any Audit Committee meeting. Read the various Terms of Reference for Talisman's Board of Directors. Governance Board Committees Audit Committee Governance and Nominating Committee Health, Safety, Environment and Corporate Responsibility Committee Human Resources Committee Reserves Committee Talisman Energy Inc. Suite 2000, 888 - 3 Street SW Calgary, Alberta Canada T2P 5C5 Tel: +403 237 1234 Fax: +403 237 1902 tlm@talisman-energy.com POLICY ON BUSINESS CONDUCT & ETHICS Read our Policy on Business Conduct and Ethics. NEWS RELEASES Read our latest news release. ALERTS EVENTS FEEDBACK REQUEST INFORMATION © 2014 Talisman Energy Inc. Legal Notice - Privacy Statement - Americas/SEA Employee Portal Login