Policies Regarding Notifications to Audit Committee

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Set  Policies  Regarding  Required Notifications

establish policies for when and how the audit committee will be notified of important events, such as:

- proposed changes in accounting principles;

- disagreements between management and the independent auditors;

- significant changes in management’s estimates;

- use of any non-GAAP accounting principles; and

- unusual financial statement adjustments above a specified dollar threshold;

Review  and  Address  Issues  Raised  in  Annual  Management  Letter

  • promptly review with management, the internal audit department (if any) and the independent auditors all recommendations made bythe independent auditors in their annual management letter;
  • approve a schedule for implementing any recommended changes as a result of the annual management letter and monitor compliance with the schedule;

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