This excerpt taken from the MOLX DEF 14A filed Sep 13, 2006.
3. Review the Financial Statements
The Committee will review the audited financial statements with management and the independent auditors. It is anticipated that these discussions will include quality of earnings, discussions of significant items subject to estimate, consideration of the suitability of accounting principles, review of highly judgmental areas, audit adjustments whether or not recorded and such other inquiries as may be appropriate and as may be required under Statement on Auditing Standards No. 61. Upon completion of its review, the Committee shall make a recommendation to the Board as to whether the financial statements should be included in the Corporations Annual Report on Form 10-K to be filed with the SEC.
The Committee will also review with management and the independent auditors the quarterly financial information prior to the Corporations filing of Quarterly Reports on Form 10-Q with the SEC.