ADT 2012 Annual Report Download - page 84

AUDIT COMMITTEE REPORT
The Audit Committee of the Board of Directors oversees ADT’s financial reporting process on behalf of the
Board of Directors. Management has the primary responsibility for the financial statements and the reporting
process, including the systems of internal controls. The Audit Committee meets separately with management, the
senior internal auditor, the independent auditors and the general counsel. The Audit Committee operates under a
written charter approved by the Board of Directors, a copy of which is available on our website at www.adt.com.
The charter, among other things, provides that the Audit Committee has direct responsibility to appoint,
compensate, oversee, evaluate, and recommend termination when appropriate, the independent auditor. In this
context, the Audit Committee:
• reviewed and discussed the audited financial statements in ADT’s annual report on Form 10-K with
management;
• reviewed with Deloitte & Touche LLP, ADT’s independent auditors, who are responsible for
expressing an opinion on the conformity of those audited financial statements with generally accepted
accounting principles, their judgments as to the quality and acceptability of ADT’s accounting
principles and such other matters as are required to be discussed with the Audit Committee under
generally accepted auditing standards;
• received the written disclosures and the letter from Deloitte & Touche LLP required by applicable
requirements of the Public Company Accounting Oversight Board regarding Deloitte & Touche LLP’s
communications with the Audit Committee concerning independence;
• discussed with Deloitte & Touche LLP its independence from management and ADT and considered
whether Deloitte & Touche LLP could also provide non-audit services without compromising the
firm’s independence;
• discussed with Deloitte & Touche LLP the matters required to be discussed by statement on Auditing
Standards No. 61, as amended, as adopted by the Public Company Accounting Oversight Board in Rule
3200T;
• discussed with ADT’s internal auditors and Deloitte & Touche LLP the overall scope and plans for
their respective audits, and then met with the internal auditors and Deloitte & Touche LLP, with and
without management present, to discuss the results of their examinations, their evaluations of ADT’s
internal controls and the overall quality of ADT’s financial reporting;
• based on the foregoing reviews and discussions, recommended to the Board of Directors that the
audited financial statements be included in the Annual Report on Form 10-K for the fiscal year ended
September 28, 2012 filed with the SEC; and
• appointed Deloitte & Touche LLP to serve as the Company’s independent auditors for fiscal year 2013,
subject to ratification by the Board of Directors and the Company’s stockholders.
Submitted by the Audit Committee of the Board of Directors:
Thomas Colligan (Chair)
Bridgette Heller
Kathleen Hyle
Keith Meister
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