The role of the audit committee is both expanding and changing at an unprecedented pace. Today's audit committee may face greater risks in performing responsibilities than ever before. In response to this new direction, Deloitte has created a process to support your analysis and enhancement of audit committee effectiveness. We work together with your committee and management to identify the risks, challenges and opportunities unique to your company. We provide a step-by-step approach tailored to your company's situation to help you manage these issues. We are committed to working with you and to meet the highest corporate governance standards.

Effective audit committees proactively ask themselves tough questions:

• Do we, as an audit committee possess the knowledge necessary to effectively serve our stakeholders?
• Have we established a process to assess the quality of financial reporting processes and internal controls, rather than just the acceptability of accounting policies?
• Do we understand the processes used by management and external auditors to identify and monitor risk?
• How do we ensure that the organization is making the most of its valuable internal audit resources?
• How do we eveluate the quality of the finance, accounting and internal audit orginizations?