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This excerpt taken from the BGFV DEF 14A filed Apr 27, 2009. Audit
Committee Report
The Company’s management has primary responsibility for the
Company’s financial statements and overall reporting
process, including the Company’s system of internal control
over financial reporting and assessing the effectiveness of
internal control over financial reporting. The Company’s
independent registered public accounting firm audits the annual
financial statements prepared by management, expresses an
opinion as to whether those financial statements fairly present
the financial position, results of operations and cash flows of
the Company in conformity with accounting principles generally
accepted in the United States and discusses with the Audit
Committee any issues that the independent registered public
accounting firm believes should be brought to its attention. The
Audit Committee oversees and monitors the Company’s
financial reporting process and the quality of its internal and
external audit process.
The Audit Committee has reviewed the Company’s audited
financial statements for the fiscal year ended December 28,
2008 and the notes thereto and discussed such financial
statements with management and Deloitte &
Table of Contents
Touche LLP, the Company’s independent registered public
accounting firm, acting as the Company’s independent
auditors. Management has represented to the Audit Committee that
the financial statements were prepared in accordance with
accounting principles generally accepted in the United States.
The Audit Committee has discussed with Deloitte &
Touche LLP the matters required to be discussed by Statement on
Auditing Standards No. 61 (as amended), which includes,
among other items, the independent auditors’
responsibilities, any significant issues arising during the
audit and any other matters related to the conduct of the audit
of the Company’s financial statements. The Audit Committee
also discussed with Deloitte & Touche LLP such other
matters as are required to be discussed by other standards of
the Public Company Accounting Oversight Board (United States),
rules of the Securities and Exchange Commission and other
applicable regulations.
The Audit Committee has received the written disclosures and the
letter from Deloitte & Touche LLP required by
applicable requirements of the Public Company Accounting
Oversight Board regarding Deloitte & Touche LLP’s
communications with the Audit Committee concerning independence,
and has discussed with Deloitte & Touche LLP its
independence from the Company.
The Audit Committee also reviewed management’s report on
its assessment of the effectiveness of the Company’s
internal control over financial reporting and the independent
registered public accounting firm’s report on the
effectiveness of the Company’s internal control over
financial reporting. The Audit Committee discussed with
management and the independent registered public accounting firm
the prior material weaknesses and significant control
deficiencies identified during the course of management’s
previously reported assessments and the audit and
management’s remediation of them.
The Audit Committee discussed with the Company’s
independent registered public accounting firm the overall scope
and plans for its audit. The Audit Committee meets with the
independent registered public accounting firm, with and without
management present, to discuss the results of its examination,
its evaluation of the Company’s internal control, including
internal control over financial reporting, and the overall
quality of the Company’s financial reporting.
Conclusion
Based on the review and discussions referred to above, the Audit
Committee recommended to the Company’s Board of Directors
that the Company’s audited financial statements and
management’s assessment of effectiveness of the
Company’s internal control over financial reporting be
included in the Company’s Annual Report on
Form 10-K
for the fiscal year ended December 28, 2008 for filing with
the Securities and Exchange Commission.
SUBMITTED BY AUDIT COMMITTEE OF
THE BOARD OF DIRECTORS
David R. Jessick (Chair)
Sandra N. Bane
Jennifer Holden Dunbar
April 22, 2009
No portion of this Audit Committee Report shall be deemed to
be incorporated by reference into any filing under the
Securities Act or the Exchange Act, through any general
statement incorporating by reference in its entirety the Proxy
Statement in which this report appears, except to the extent
that the Company specifically incorporates this report or a
portion of it by reference. In addition, this report shall not
be deemed to be filed under either the Securities Act or the
Exchange Act.
Table of Contents
This excerpt taken from the BGFV DEF 14A filed Apr 28, 2008. Audit
Committee Report
The Company’s management has primary responsibility for the
Company’s financial statements and overall reporting
process, including the Company’s system of internal control
over financial reporting and assessing the effectiveness of
internal control over financial reporting. The Company’s
independent registered public accounting firm audits the annual
financial statements prepared by management, expresses an
opinion as to whether those financial statements fairly present
the financial position, results of operations and cash flows of
the Company in conformity with accounting principles generally
accepted in the United States and discusses with the Audit
Committee any issues that the independent registered public
accounting firm believes should be brought to its attention. The
Audit Committee oversees and monitors the Company’s
financial reporting process and the quality of its internal and
external audit process.
The Audit Committee has reviewed the Company’s audited
financial statements for the fiscal year ended December 30,
2007 and the notes thereto and discussed such financial
statements with management and Deloitte &
Table of Contents
Touche LLP, the Company’s independent registered public
accounting firm, acting as the Company’s independent
auditors. Management has represented to the Audit Committee that
the financial statements were prepared in accordance with
accounting principles generally accepted in the United States.
The Audit Committee has discussed with Deloitte &
Touche LLP the matters required to be discussed by Statement on
Auditing Standards No. 61 (as amended), which includes,
among other items, the independent auditors’
responsibilities, any significant issues arising during the
audit and any other matters related to the conduct of the audit
of the Company’s financial statements. The Audit Committee
also discussed with Deloitte & Touche LLP such other
matters as are required to be discussed by other standards of
the Public Company Accounting Oversight Board (United States),
rules of the Securities and Exchange Commission and other
applicable regulations.
The Audit Committee has received the written disclosures and the
letter from Deloitte & Touche LLP regarding its
independence as required by Independence Standards Board
Standard No. 1 and has discussed with Deloitte &
Touche LLP its independence from the Company.
The Audit Committee also reviewed management’s report on
its assessment of the effectiveness of the Company’s
internal control over financial reporting and the independent
registered public accounting firm’s report on the
effectiveness of the Company’s internal control over
financial reporting. The Audit Committee discussed with
management and the independent registered public accounting firm
the prior material weaknesses and significant control
deficiencies identified during the course of management’s
previously reported assessments and the audit and
management’s remediation of them.
The Audit Committee discussed with the Company’s
independent registered public accounting firm the overall scope
and plans for its audit. The Audit Committee meets with the
independent registered public accounting firm, with and without
management present, to discuss the results of its examination,
its evaluation of the Company’s internal control, including
internal control over financial reporting, and the overall
quality of the Company’s financial reporting.
Conclusion
Based on the review and discussions referred to above, the Audit
Committee recommended to the Company’s Board of Directors
that the Company’s audited financial statements and
management’s assessment of effectiveness of the
Company’s internal control over financial reporting be
included in the Company’s Annual Report on
Form 10-K
for the fiscal year ended December 30, 2007 for filing with
the Securities and Exchange Commission.
SUBMITTED BY AUDIT COMMITTEE OF
THE BOARD OF DIRECTORS
Sandra N. Bane (Chair)
Jennifer Holden Dunbar
David R. Jessick
April 28, 2008
No portion of this Audit Committee Report shall be deemed to
be incorporated by reference into any filing under the
Securities Act or the Exchange Act, through any general
statement incorporating by reference in its entirety the Proxy
Statement in which this report appears, except to the extent
that the Company specifically incorporates this report or a
portion of it by reference. In addition, this report shall not
be deemed to be filed under either the Securities Act or the
Exchange Act.
This excerpt taken from the BGFV DEF 14A filed Apr 30, 2007. Audit
Committee Report
The Company’s management has primary responsibility for the
Company’s financial statements and overall reporting
process, including the Company’s system of internal control
over financial reporting and assessing the effectiveness of
internal control over financial reporting. The Company’s
independent registered public accounting firm audits the annual
financial statements prepared by management, expresses an
opinion as to whether those financial statements fairly present
the financial position, results of operations and cash flows of
the Company in conformity with accounting principles generally
accepted in the United States and discusses with the Audit
Committee any issues that the independent registered public
accounting firm believes should be brought to its
attention. The Audit Committee oversees and monitors the
Company’s financial reporting process and the quality of
its internal and external audit process.
The Audit Committee has reviewed the Company’s audited
financial statements for the fiscal year ended December 31,
2006 and the notes thereto and discussed such financial
statements with management and KPMG LLP, the Company’s
independent registered public accounting firm. Management has
represented to the Audit Committee that the financial statements
were prepared in accordance with accounting principles generally
accepted in the United States.
The Audit Committee has discussed with KPMG LLP the matters
required to be discussed by Statement on Auditing Standards
No. 61 (as amended), which includes, among other items, the
independent registered public accounting firm’s
responsibilities, any significant issues arising during the
audit and any other matters related to the conduct of the audit
of the Company’s financial statements. The Audit Committee
also discussed with KPMG LLP such other matters as are required
to be discussed by other standards of the Public Company
Accounting Oversight Board (United States), rules of the
Securities and Exchange Commission and other applicable
regulations.
The Audit Committee has received the written disclosures and the
letter from KPMG LLP regarding its independence as required by
Independence Standards Board Standard No. 1 and has
discussed with KPMG LLP its independence from the Company. In
addition, the Audit Committee concluded that KPMG LLP’s
provision of non-audit services to the Company and its
subsidiaries, as described above, is compatible with maintaining
KPMG LLP’s independence.
The Audit Committee also reviewed management’s report on
its assessment of the effectiveness of the Company’s
internal control over financial reporting and the independent
registered public accounting firm’s report on
management’s assessment and the effectiveness of the
Company’s internal control over financial reporting. The
Audit Committee discussed with management and the independent
registered public accounting firm the prior material weaknesses
and significant control deficiencies identified during the
course of previous assessments and the audit and
management’s remediation of them.
The Audit Committee discussed with the Company’s
independent registered public accounting firm the overall scope
and plans for its audit. The Audit Committee meets with the
independent registered public accounting firm, with and without
management present, to discuss the results of its examination,
its evaluation of the Company’s internal control, including
internal control over financial reporting, and the overall
quality of the Company’s financial reporting.
Conclusion
Based on the review and discussions referred to above, the Audit
Committee recommended to the Company’s Board of Directors
that the Company’s audited financial statements and
management’s assessment of effectiveness of the
Company’s internal control over financial reporting be
included in the Company’s Annual Report on
Form 10-K
for the fiscal year ended December 31, 2006 for filing with
the Securities and Exchange Commission.
SUBMITTED BY AUDIT COMMITTEE OF
THE BOARD OF DIRECTORS
Sandra N. Bane (Chair)
Jennifer Holden Dunbar
David R. Jessick
April 20, 2007
No portion of this Audit Committee Report shall be deemed to
be incorporated by reference into any filing under the
Securities Act or the Exchange Act, through any general
statement incorporating by reference in its entirety the Proxy
Statement in which this report appears, except to the extent
that the Company specifically incorporates this
report or a portion of it by reference. In addition, this
report shall not be deemed to be filed under either the
Securities Act or the Exchange Act.
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