最快开奖直播搅珠结果

The following responsibilities supplement the Audit Committee's charge contained in the 最快开奖直播搅珠结果 Bylaws.

In fulfilling its responsibilities, the Committee shall take appropriate actions to set an overall tone for quality financial reporting, sound business practices, and ethical behavior.

1.听聽聽Ensure the Integrity of Financial Reporting:

(补)听听聽Review and approve the annual financial statements of 最快开奖直播搅珠结果 and receive and review the audit reports thereon, including those pertinent to Federal awards received by 最快开奖直播搅珠结果 as required by the U.S. Office of Management and Budget.

(产)听聽聽Review the judgments of 最快开奖直播搅珠结果 management and auditors about the quality and consistency of the 最快开奖直播搅珠结果's application of accounting principles; the reasonableness of significant judgments; and the clarity and completeness of the financial statements and related disclosure.

(肠)听听聽Confirm with management and the external auditor that the annual financial statements disclose all material off-balance sheet transactions, arrangements, obligations, and relationships of 最快开奖直播搅珠结果 with unconsolidated entities or persons that may have a material current or future effect on financial condition, liquidity, or components of revenues or expenses.

(诲)听聽聽Review new and significant accounting pronouncements with the external auditor and understand their impact on the 最快开奖直播搅珠结果 financial statements.

(别)听聽聽Obtain a report from the external auditor annually regarding required communications under the American Institute of Certified Public Accountants' standards.

2.听听聽Oversee the External Audit Process:

(补)听听聽Recommend to the Board the appointment or retention of the external auditor for 最快开奖直播搅珠结果, and be responsible for the compensation and oversight of the external auditor. In accordance with the Board of Trustees' External Audit Policy, the external auditor shall be engaged from among the major national public accounting firms, subject to the Board鈥檚 continuing satisfaction with the firm鈥檚 services and with re-proposals to be reviewed after each five to seven year period.

(产)听聽聽Ensure rotation of the lead audit partner on the audit engagement at least every seven years, independent of the timing of the external audit firm's initial or subsequent engagements.

(肠)听听聽Pre-approve all audit and non-audit services provided by the external auditors in excess of $30,000 and ensure such services do not include management functions, internal audit services, or other services prohibited by independence standards for the auditing profession, including those standards established by the U.S. Government Accountability Office. External auditor services approved by the Chairperson between Committee meetings shall be reported to the entire Committee at its next scheduled meeting.

(诲)听聽聽Assess the independence of the external auditor on an annual basis by reviewing the written communication from the external auditor required by professional auditing standards and discussing any relationships disclosed that may impact auditor objectivity and independence.

(别)听聽聽Resolve disagreements between management and the external auditor regarding financial reporting.

3.聽聽聽Oversee the Internal Audit Process:

(补)听听聽Review and appraise the organizational structure, qualifications, independence, budget, and activities of the 最快开奖直播搅珠结果 internal audit department.

(产)听聽聽Review and approve the annual internal audit plan and receive interim progress reports on the plan.

(肠)听听聽Review and concur with the appointment, reassignment, or termination of the Director of Internal Audit.

(诲)听聽聽Periodically review 最快开奖直播搅珠结果's Internal Audit Charter for necessary changes.

(别)听聽聽Receive reports of completed internal audits prior to each meeting, and at least annually receive updates on the status of management's actions in response to significant findings from prior reports.

4.听听聽Oversee Risk Management Processes:

(补)听听聽Inquire of management, the internal auditor, and the external auditor about significant financial and compliance risks or exposures to 最快开奖直播搅珠结果, and assess the steps management has taken to mitigate such risks or exposures.

(产)听聽聽Review and accept the 最快开奖直播搅珠结果 Environmental Health and Safety Council's annual report on behalf of the Board.

(肠)听听聽Review areas of risk assigned to the Audit Committee by the Executive Committee for further review or other follow-up based on annual enterprise risk reports from the System鈥檚 chief executive officers.

(诲)听聽聽Monitor adherence to 最快开奖直播搅珠结果 conflict of interest policies and related procedures.

5.听听听翱迟丑别谤:

(补)听听聽Provide for the confidential, anonymous submission by employees and other 最快开奖直播搅珠结果 constituents of concerns related to questionable accounting, auditing, or business practices.

(产)听聽聽Obtain reports concerning any financial fraud resulting in losses in excess of $10,000 or involving a member of senior management.

(c)聽聽聽Maintain open lines of communication between the Committee and the 最快开奖直播搅珠结果 external auditor, internal auditor, and management.

(d)聽聽聽Review and assess the adequacy of this Charter on an annual basis and recommend any changes to the Board.