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This excerpt taken from the BIOS DEF 14A filed Mar 21, 2008. REPORT OF
THE AUDIT COMMITTEE
The Audit Committee is responsible for overseeing the process of
accounting and financial reporting of the Company and the audits
and financial statements of the Company. The Audit Committee
operates pursuant to a written charter which is reviewed
annually by the Audit Committee. As set forth in the Audit
Committee charter, management of the Company is responsible for
the preparation, presentation and integrity of the
Company’s financial statements and for the appropriateness
of the accounting principles and reporting policies that are
used by the Company. The independent auditors are responsible
for auditing the Company’s financial statements and
expressing an opinion on the conformity of those audited
financial statements with accounting principles generally
accepted in the United States.
In the performance of its oversight function, the Company’s
Audit Committee reviewed and discussed with the Company’s
management and the Company’s independent auditors the
audited consolidated financial statements of the Company
contained in the Company’s Annual Report on
Form 10-K
for the year ended December 31, 2007. The Audit Committee
also discussed with the Company’s independent auditors the
matters required to be discussed by Statement on Auditing
Standards No. 114, The Auditors Communication With Those
Charged With Governance. In addition, the Audit Committee
has received and reviewed the written disclosures and the letter
from the Company’s independent auditors required by
Independence Standards Board Standard No. 1,
Independence Discussions with Audit Committees, as
amended, and has considered the compatibility of non-audit
services with the auditors’ independence.
Based on the review and discussions described in the preceding
paragraph above, the Audit Committee recommended to the Board of
Directors that the audited consolidated financial statements
referred to above be included in the Company’s Annual
Report on
Form 10-K
for the year ended December 31, 2007 filed with the
Commission.
Submitted by the Audit Committee:
Stuart A. Samuels, Chairman
Louis T. DiFazio, Ph.D.
David R. Hubers
Richard L. Robbins
Table of Contents
This excerpt taken from the BIOS DEF 14A filed Apr 17, 2007. REPORT OF
THE AUDIT COMMITTEE
The Audit Committee is responsible for overseeing the process of
accounting and financial reporting of the Company and the audits
and financial statements of the Company. The Audit Committee
operates pursuant to a written charter which is reviewed
annually by the Audit Committee. As set forth in the Audit
Committee charter, management of the Company is responsible for
the preparation, presentation and integrity of the
Company’s financial statements and for the appropriateness
of the accounting principles and reporting policies that are
used by the Company. The independent auditors are responsible
for auditing the Company’s financial statements and
expressing an opinion on the conformity of those audited
financial statements with U.S. generally accepted accounting
principles.
In the performance of its oversight function, the Company’s
Audit Committee reviewed and discussed with the Company’s
management and the Company’s independent auditors the
audited consolidated financial statements of the Company
contained in the Company’s Annual Report on
Form 10-K
for the year ended December 31, 2006. The Audit Committee
also discussed with the Company’s independent auditors the
matters required to be discussed by Statement on Auditing
Standards No. 61, Communication with Audit
Committees, as amended by Statement on Auditing Standards
No. 90. In addition, the Audit Committee has received and
reviewed the written disclosures and the letter from the
Company’s independent auditors required by Independence
Standards Board Standard No. 1, Independence Discussions
with Audit Committees, as amended, and has considered the
compatibility of non-audit services with the auditors’
independence.
Based on the review and discussions described in the preceding
paragraph above, the Audit Committee recommended to the Board of
Directors that the audited consolidated financial statements
referred to above be included in the Company’s Annual
Report on
Form 10-K
for the year ended December 31, 2006 filed with the
Commission.
Submitted by the Audit Committee:
Stuart A. Samuels, Chairman
Louis T. DiFazio, Ph.D.
David R. Hubers
Richard L. Robbins
Table of Contents
This excerpt taken from the BIOS DEF 14A filed Apr 21, 2006. Report of
the Audit Committee
The Audit Committee is responsible for overseeing the process of
accounting and financial reporting of the Company and the audits
and financial statements of the Company. The Audit Committee
operates pursuant to a
Table of Contents
written charter which is reviewed annually by the Audit
Committee. As set forth in the Audit Committee charter,
management of the Company is responsible for the preparation,
presentation and integrity of the Company’s financial
statements and for the appropriateness of the accounting
principles and reporting policies that are used by the Company.
The independent auditors are responsible for auditing the
Company’s financial statements and expressing an opinion on
the conformity of those audited financial statements with
accounting principles generally accepted in the United States.
In the performance of its oversight function, the Company’s
Audit Committee reviewed and discussed with the Company’s
management and the Company’s independent auditors the
audited consolidated financial statements of the Company
contained in the Company’s Annual Report on
Form 10-K
for the year ended December 31, 2005. The Audit Committee
also discussed with the Company’s independent auditors the
matters required to be discussed by Statement on Auditing
Standards No. 61, Communication with Audit
Committees, as amended by Statement on Auditing Standards
No. 90. In addition, the Audit Committee has received and
reviewed the written disclosures and the letter from the
Company’s independent auditors required by Independence
Standards Board Standard No. 1, Independence Discussions
with Audit Committees, as amended, and has considered the
compatibility of non-audit services with the auditors’
independence.
Based on the review and discussions described in the preceding
paragraph above, the Audit Committee recommended to the Board of
Directors that the audited consolidated financial statements
referred to above be included in the Company’s Annual
Report on
Form 10-K
for the year ended December 31, 2005 filed with the SEC.
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