This excerpt taken from the CROX DEF 14A filed Jun 8, 2007.
The audit committee has reviewed and discussed the audited financial statements for the fiscal year ended December 31, 2006 with the companys management and Deloitte & Touche LLP, the companys independent registered public accounting firm. Management is primarily responsible for the preparation, presentation and integrity of the financial statements, accounting and financial reporting principles and internal control over financial reporting. Deloitte & Touche LLP is responsible for performing an independent audit of the financial statements in accordance with generally accepted auditing standards and for expressing opinions on the conformity of the financial statements 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, Communication with Audit Committees, as amended, and has received the written disclosures and the letter from Deloitte & Touche LLP required by Independence Standards Board Standard No. 1, Independence Discussions with Audit Committees. The audit committee has also discussed with Deloitte & Touche LLP its independence.
Based on its reviews and discussions referred to above, the audit committee has recommended to the board of directors that the audited financial statements be included in the companys Annual Report on Form 10-K for the year ended December 31, 2006, for filing with the Securities and Exchange Commission.
The Audit Committee:
Thomas J. Smach (Chairman)