Sentences with phrase «company audit committee»

Not exact matches

Valeant accused Schiller of «improper conduct» in providing incorrect information to an audit and risk committee and the company's auditors, adding that it continues to assess its financial reporting and disclosure procedures.

To address some of the issues irking consumers, a shareholder proposal this year requests that the «audit Committee conduct an independent review of the Company's internal controls related to residential mortgage loan modifications, foreclosures and securitizations, and report to shareholders.»

On June 5, the SEC's chief accountant, James Schnurr, said the agency may propose greater disclosure requirements by corporate board audit committees on how they oversee their company's auditors.

Speaking about security at big financial companies, John Dickson, principal at Denim Group, an application security consultancy, told me that CISOs have started elbowing their way into the C - suite's uppermost tier, reporting to the board of directors and / or the CEO and / or the audit committee.

Meanwhile, the company's special committee hired KPMG to conduct an independent audit of its operations, which included sending accountants to China.

Further, instead of having companies pay an audit firm directly, Turner would have the PCAOB collect money from the companies for the services that a board's audit committee negotiates, using the same mechanism companies use today to pay the PCAOB for oversight of auditors.

Succession is not listed in any of the committee charters except for the audit and finance committee's responsibility to «review human resources and succession planning for the accounting and finance groups within the Company.»

This summer, former chief accountant of the SEC Lynn Turner told me that a company's investors should decide if the money spent on auditors is worth spending and that the PCAOB should collect money from the companies for the services that a board's audit committee negotiates, using the same mechanism companies use today to pay the PCAOB for oversight of auditors.

The Audit Committee has also discussed with the independent auditors matters required to be discussed by Auditing Standard No. 16, «Communications with Audit Committees» issued by the Public Company Accounting Oversight Board (PCAOB).

This makes it critical that the company's audit committee, comprised of independent directors, take the lead on the current inquiry.

We discussed with PricewaterhouseCoopers matters that independent registered public accounting firms must discuss with audit committees under generally accepted auditing standards and standards of the Public Company Accounting Oversight Board («PCAOB»), including, among other things, matters related to the conduct of the audit of the Company's consolidated financial statements and the matters required to be discussed by PCAOB AU 380 (Communications with Audit Committaudit committees under generally accepted auditing standards and standards of the Public Company Accounting Oversight Board («PCAOB»), including, among other things, matters related to the conduct of the audit of the Company's consolidated financial statements and the matters required to be discussed by PCAOB AU 380 (Communications with Audit Cocommittees under generally accepted auditing standards and standards of the Public Company Accounting Oversight Board («PCAOB»), including, among other things, matters related to the conduct of the audit of the Company's consolidated financial statements and the matters required to be discussed by PCAOB AU 380 (Communications with Audit Committaudit of the Company's consolidated financial statements and the matters required to be discussed by PCAOB AU 380 (Communications with Audit CommittAudit CommitteesCommittees).

We also believe that his experience overseeing and assessing the performance of companies and the evaluation of financial statements gives him the experience and expertise needed to act as our financial expert and to chair our Audit Committee.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Neiman Marcus, Inc.'s internal control over financial reporting as of July 28, 2012, based on criteria established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated September 18, 2012 expressed an unqualified opinion thereon.

The independent registered public accounting firm shall also submit on a periodic basis, but at least annually, to the Audit Committee a formal written statement delineating all relationships between the audit firm and the corporation, including each non-audit service provided to the corporation and at least the matters set forth in Public Company Accounting Oversight Board Rule Audit Committee a formal written statement delineating all relationships between the audit firm and the corporation, including each non-audit service provided to the corporation and at least the matters set forth in Public Company Accounting Oversight Board Rule audit firm and the corporation, including each non-audit service provided to the corporation and at least the matters set forth in Public Company Accounting Oversight Board Rule audit service provided to the corporation and at least the matters set forth in Public Company Accounting Oversight Board Rule 3526.

Mr. Shea is well qualified to serve as a director due to his experience in public and private company governance and private equity, including his service on numerous corporate boards and on audit and compensation committees, including his experience with Hennessy I and Hennessy II.

He has held directorships at publicly traded companies for over 25 years, during which he chaired governance, audit and compensation committees.

Since July 2015, Mr. Bell has served as a director and Chairman of the Audit Committee of The Chemours Company LLC (NYSE: CC), a chemical solutions cCompany LLC (NYSE: CC), a chemical solutions companycompany.

The Audit Committee has met with the internal auditors and independent registered public accounting firm, separately and together, with and without management present, to discuss IBM's financial reporting process and internal accounting controls in addition to other matters required to be discussed by the statement on Auditing Standards No. 16, Communications with Audit Committees, as adopted by the Public Company Accounting Oversight Board (PCAOB), as may be modified or supplemented.

Mr. Meresman was selected to serve as a director on our board of directors due to his background as chair of the audit committee of other public companies and his financial and accounting expertise from his prior extensive experience as chief financial officer of two publicly traded corporations.

From 2011 to 2014, Mr. Bell served as a director and chairman of the Audit Committee of Virent Corporation, a pre-revenue biochemical company with proprietary technology for producing plastics and other products from plant sugars.

Mr. Bell is well qualified to serve as director due to his experience in public and private company governance and accounting, including his service on audit, nominating and corporate governance and compensation committees, including his experience with Hennessy I and Hennessy II.

Mr. Meresman has served both as chair of the audit committee and chief financial officer of several public companies.

We believe that Ms. Denholm possesses specific attributes that qualify her to serve as a member of our Board and chair of our Audit Committee, including her executive experience and her financial and accounting expertise with international companies, including in the technology and automotive industries.

He has been a director of Viskase Companies, a supplier of cellulose and fibrous casings, from October 2006 to the present, where he is currently chairman of the Audit Committee and previously served as chairman of the Compensation Committee.

From 2001 through 2015, he served as a director of IDEX Corporation (NYSE: IEX), a global industrial company with key growth platforms in Fluid Metering Technology and Health & Science Technology segments, where he chaired the Nominating and Corporate Governance Committee and Audit Committee and served on the Compensation Committee.

During the last five years, Mr. Meresman has been serving on the boards of directors of various public and private companies, including service as chair of the audit committee for some of these companies.

Mr. Hernandez has been the chair of the audit committees of McDonald's Corporation and Nordstrom, and currently serves on the Company's Audit and Examination Committee and has been chair of the Finance Committee since audit committees of McDonald's Corporation and Nordstrom, and currently serves on the Company's Audit and Examination Committee and has been chair of the Finance Committee since Audit and Examination Committee and has been chair of the Finance Committee since 2008.

Audit Committee The Audit Committee assists the Board of Directors in fulfilling its oversight responsibilities by monitoring the Company's financial reporting practices and financial disclosure.

The Audit Committee Charter can be found in the Company's AIF filed on SEDAR.

Patrick McGurn of Institutional Shareholder Services, like other expert observers, has frequently questioned the financial literacy of troubled companies» audit committee members.

• The Board has determined that each member of the Audit Committee is independent as defined by the Exchange Act, the SEC's rules, and the NYSE Listed Company Rules.

The Audit Committee has appointed EY as the company's independent accountants to audit the consolidated financial statements of the company for fiscal Audit Committee has appointed EY as the company's independent accountants to audit the consolidated financial statements of the company for fiscal audit the consolidated financial statements of the company for fiscal 2016.

In addition, the Audit Committee and the CNGC must be composed solely of directors who meet additional, heightened independence standards applicable to members of audit committees and compensation committees under the NYSE Listed Company Rules and the SEC's rAudit Committee and the CNGC must be composed solely of directors who meet additional, heightened independence standards applicable to members of audit committees and compensation committees under the NYSE Listed Company Rules and the SEC's raudit committees and compensation committees under the NYSE Listed Company Rules and the SEC's rules.

She is Member of the Audit Committee and the Corporate Governance Committee of the Company.

A 2001 survey by the NACD and Institutional Shareholder Services of 5,000 public company boards shows that 99 % have audit committees, and 91 % have compensation committees.

Mr. Kwauk is currently a senior consultant of Motorola Solutions (China) Co., Ltd. and serves as an independent non-executive director of Thunder Power Co. Ltd., a Taiwan company with its shares traded on Taiwan's Gre Tai Securities Market; Sinosoft Technology Group Limited, a company listed on the Hong Kong Stock Exchange, of which Mr. Kwauk is also the chairman of its audit committee; and several private companies.

They include publishing audited financial statements like public companies do, the establishment of conflict committees and disclosing on a quarterly basis the extent of their hard - to - value assets.

The Audit Committee has appointed E&Y as the company's independent accountants to audit the consolidated financial statements of the company for fiscal Audit Committee has appointed E&Y as the company's independent accountants to audit the consolidated financial statements of the company for fiscal audit the consolidated financial statements of the company for fiscal 2014.

Mr. Baker has extensive financial management expertise that he gained as a CEO or chairman of several public and private companies, and as a past or current member of the audit committees of two other public companies and a current member of the Company's Audit and Examination and Credit Commitaudit committees of two other public companies and a current member of the Company's Audit and Examination and Credit Ccommittees of two other public companies and a current member of the Company's Audit and Examination and Credit CommitAudit and Examination and Credit CommitteesCommittees.

Mr. Hernandez has served as chair of the audit committees of Nordstrom and McDonald's, currently serves on the Company's Audit and Examination Committee, and chairs the Finance Committee and Risk Committee, all of which have further enhanced his finance experience and contributions to the Baudit committees of Nordstrom and McDonald's, currently serves on the Company's Audit and Examination Committee, and chairs the Finance Committee and Risk Committee, all of which have further enhanced his finance experience and contributions to the BAudit and Examination Committee, and chairs the Finance Committee and Risk Committee, all of which have further enhanced his finance experience and contributions to the Board.

The Board also benefits from Mr. Dean's substantial finance, systems operations, service quality, and community affairs expertise, which he gained as a result of his responsibilities with Dignity Health, and from his extensive banking and related financial management expertise acquired as a former member of the Company's Audit and Examination Committee and as a current member of the Credit Committee.

These discussions included a review of the reasonableness of significant judgments, the quality, not just acceptability, of the Company's accounting principles and such other matters as are required to be discussed with the audit committee by Statement on Auditing Standards (SAS) No. 61, as amended (Communications with Audit Committees), by the Auditing Standards Board of the American Institute of Certified Public Accountaudit committee by Statement on Auditing Standards (SAS) No. 61, as amended (Communications with Audit Committees), by the Auditing Standards Board of the American Institute of Certified Public AccountAudit Committees), by the Auditing Standards Board of the American Institute of Certified Public Accountants.

The Audit Committee consists of four Outside Directors, each of whom has been determined by the Board to meet the heightened independence criteria applicable to Audit Committee members and to satisfy the financial literacy requirements of the NYSE Listed Company Rules and the applicable rules of the SEC.

The audit committee reviewed and discussed the audited financial statements with management and the Company's independent auditors.

In fact, the boards followed most of the accepted standards for board operations: Members showed up for meetings; they had lots of personal money invested in the company; audit committees, compensation committees, and codes of ethics were in place; the boards weren't too small, too big, too old, or too young.

The Pre-Approval Policy provides that our company's independent accountants may not perform any audit, audit - related, or non-audit service for Walmart, subject to those exceptions that may be permitted by applicable law, unless: (i) the service has been pre-approved by the Audit Committee; or (ii) Walmart engaged the independent accountants to perform the service pursuant to the pre-approval provisions of the Pre-Approval Poaudit, audit - related, or non-audit service for Walmart, subject to those exceptions that may be permitted by applicable law, unless: (i) the service has been pre-approved by the Audit Committee; or (ii) Walmart engaged the independent accountants to perform the service pursuant to the pre-approval provisions of the Pre-Approval Poaudit - related, or non-audit service for Walmart, subject to those exceptions that may be permitted by applicable law, unless: (i) the service has been pre-approved by the Audit Committee; or (ii) Walmart engaged the independent accountants to perform the service pursuant to the pre-approval provisions of the Pre-Approval Poaudit service for Walmart, subject to those exceptions that may be permitted by applicable law, unless: (i) the service has been pre-approved by the Audit Committee; or (ii) Walmart engaged the independent accountants to perform the service pursuant to the pre-approval provisions of the Pre-Approval PoAudit Committee; or (ii) Walmart engaged the independent accountants to perform the service pursuant to the pre-approval provisions of the Pre-Approval Policy.

Each Audit Committee member is financially literate as required by the NYSE Listed Company Rules, and is an «audit committee financial expert» as defined in the SEC's rAudit Committee member is financially literate as required by the NYSE Listed Company Rules, and is an «audit committee financial expert» as defined in the SECCommittee member is financially literate as required by the NYSE Listed Company Rules, and is an «audit committee financial expert» as defined in the SEC's raudit committee financial expert» as defined in the SECcommittee financial expert» as defined in the SEC's rules.

The audit committee is governed by a written charter, which is available free of charge on the investor relations section of our website at www.jcrew.com or upon written request to the Secretary of the Company, J.Crew Group, Inc., 2 Penn Plaza, 26th Floor, New York, New York 10121.

He is the Chairman of Fairfax Media Limited (a major Australian newspaper, magazine, and internet publisher), where he also serves as Chairman of that company's Nominations Committee and formerly served as Chairman of that company's Audit and Risk Committee.

We believe that Mr. Meresman is qualified to serve as a member of our board of directors and chair of our audit committee due to his background as a member of the board and chair of the audit committee of other public companies and his financial and accounting expertise from his prior extensive experience as chief financial officer of two publicly traded companies.