This excerpt taken from the LAZ DEF 14A filed Mar 24, 2008.
Ronald J. Doerfler (Chair), Steven J. Heyer* and Hal S. Scott
This committee met five times in 2007. The Audit Committee assists our Board of Directors in fulfilling its oversight responsibilities with respect to:
A detailed list of the committees functions is included in its charter, which is available on our website at http://www.lazard.com/Investorrelations/Audit_Committee_Charter.aspx.
The Audit Committee also selects and oversees Lazards independent auditors, and pre-approves all services to be performed by the independent auditors pursuant to the Audit Committee pre-approval policy. All members of the Audit Committee are independent as required by Lazard and the listing standards of the NYSE. All members of the Audit Committee are financially literate, as determined by the Board of Directors. The Board of Directors has determined that Mr. Ronald J. Doerfler has the requisite qualifications to satisfy the SEC definition of audit committee financial expert.