This excerpt taken from the DDE DEF 14A filed Mar 30, 2007.
The Audit Committee (the Committee) is appointed by the Board of Directors (the Board) to assist the Board in fulfilling its oversight responsibilities. The Committees primary purpose is to monitor the integrity of the Companys financial reporting process, including (by overseeing the financial reports and other financial information provided by the Company to any governmental or regulatory body, the public or other users thereof) the Companys systems of internal accounting and financial controls, the performance of the Companys internal audit function, the qualifications and independence of the Companys independent registered public accounting firm, the Companys compliance with ethics policies and legal and regulatory requirements statements, and the annual independent audit of the Companys financial statements. The Committee will monitor the independence, performance, and qualifications of the Companys independent registered public accounting firm.
In discharging its oversight role, the Committee is empowered to investigate any matter brought to its attention with full access to all books, records, facilities and personnel of the Company. The Committee is authorized to retain outside counsel, auditors or other experts and professionals for this purpose. The Board and the Committee are in place to represent the Companys shareholders; accordingly, the Companys independent registered public accounting firm is ultimately accountable to the Board and the Committee.
The Company shall provide appropriate funding, as determined by the Committee, for payment of compensation to any registered public accounting firm engaged for the purpose of rendering or issuing an audit report or related work or performing other audit, review or attest services for the Company and to any advisors employed by the Company as well as ordinary administrative expenses of the Committee that are necessary or appropriate in carrying out its duties.