This excerpt taken from the ZRBA DEF 14A filed Sep 19, 2005.
Audit Committee. The Audit Committee, consisting of Mr. Franta, Mr. Courtney and Mr. Nordquist (Mr. Nordquist replaced Mr. Grimstad in November 2004), generally oversees the structure of the Companys internal controls, reviews the selection of the independent auditors, reviews the annual audit plan, and oversees the Companys financial reporting. The Audit Committee is responsible for the engagement of our independent accountants and reviews other matters relating to our relationship with our independent accountants. Attached as Appendix A to the Proxy Statement for the 2004 Annual Meeting of Shareholders is the Charter for the Audit Committee. The Board has determined that William R. Franta is the audit committee financial expert as defined by Item 401(e) of Regulation S-B under the Securities Act of 1933. We acknowledge that the designation of Mr. Franta as the audit committee financial expert does not impose on Mr. Franta any duties, obligations or liability that are greater than the duties, obligations and liability imposed on Mr. Franta as a member of the Audit Committee and the Board of Directors in the absence of such designation or identification. The Audit Committees Report is included on page 9. The Audit Committee met seven (7) times during fiscal year 2005.