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This excerpt taken from the MRO DEF 14A filed Mar 10, 2008. Statement of Purpose The Audit and Finance Committee is a standing committee of the Board of Directors. The purpose of the Committee is to assist the Board of Directors in fulfilling its oversight responsibility relating to (i) the engagement of the independent auditor and the evaluation of the independent auditors qualifications, independence and performance, (ii) the performance of the internal audit function, (iii) the integrity of the Companys financial statements and financial reporting process and the Companys systems of internal accounting and financial controls, (iv) the annual independent audit of the Companys financial statements, (v) the compliance by the Company with legal and regulatory requirements, and (vi) the fulfillment of the other responsibilities set forth herein. |
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