Audit Committee
The current members of our Audit Committee are Ms. Desoer, Mr. Hollar, Mr. Schechter and Ms. Schoppert, with Mr. Hollar serving as the Chair. Our Board has determined that Mr. Hollar qualifies as an "audit committee financial expert" within the meaning of the rules of the Securities and Exchange Commission and that each of the members of the Audit Committee is "independent" and "financially literate" under the listing standards of the New York Stock Exchange and the Company’s independence standards.
The primary duties and responsibilities of the Committee are to:
- Monitor and oversee: (i) the quality and integrity of the Company鈥檚 consolidated financial statements and related footnotes and other related disclosures; (ii) the integrity and effectiveness of the Company鈥檚 system of internal control over financial reporting; (iii) the Company鈥檚 compliance with legal and regulatory requirements (including healthcare compliance in coordination with the Board鈥檚 Compliance and Quality Committee); (iv) the independence, qualifications, and performance of the Company鈥檚 independent registered public accounting firm; (v) the Company鈥檚 internal audit function; (vi) the Company鈥檚 policies and programs with respect to enterprise risk assessment and enterprise risk management, including risks related to privacy and data security (including, for the avoidance of doubt, cybersecurity); the effectiveness of the Company鈥檚 disclosure controls and procedures; and (vii) compliance with ethical standards.
- Prepare the report of the Committee required to be included in the Company鈥檚 annual report or proxy statement under the rules of the U.S. Securities and Exchange Commission (鈥淪EC鈥).
- Appoint and engage the Company鈥檚 independent registered public accounting firm and pre-approve the independent registered public accounting firm鈥檚 annual audit services, including related fees, audit-related services, and all other services in accordance with the Company鈥檚 pre-approval policy and rules and regulations promulgated by the SEC.
- Provide an avenue of communication among the independent registered public accounting firm, management, the internal audit department, and the Board.