This excerpt taken from the JCOM DEF 14A filed Mar 29, 2005.
The Audit Committee currently consists of Messrs. Bech, Schulhof and Cresci, who is the Chairman of the Committee. The Audit Committee is comprised solely of directors who meet all the independence standards for audit committee members, as set forth in the Sarbanes-Oxley Act of 2002 and the rules of the SEC adopted pursuant to the Sarbanes-Oxley Act and the NASDAQ listing standards. The Board has determined that Mr. Cresci is an audit committee financial expert as that term is defined in the SEC rules adopted pursuant to the Sarbanes-Oxley Act. The Audit Committee is responsible for, among other things, retaining and overseeing j2 Globals independent auditors, approving the services performed by them and reviewing j2 Globals financial reporting process, accounting principles and its system of internal accounting controls. The Audit Committee held four meetings in 2004 and conducted business by written consent as well. See the Report of the Audit Committee below.