ADT 2015 Annual Report Download - page 60

AUDIT COMMITTEE REPORT
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 of, 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 Standard No. 16, “Communications
with Audit Committees”; and
•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, the Audit Committee recommended to the Board of Directors that the Company’s audited
financial statements be included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 25, 2015 filed with the
SEC.
Submitted by the Audit Committee of the Board of Directors:
Thomas Colligan, Chair
Bridgette Heller
Kathleen Hyle
Christopher Hylen
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