Bed, Bath and Beyond 2014 Annual Report Download - page 52

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AUDIT COMMITTEE REPORT
The Board of Directors has determined that the membership of the Audit Committee meets the SEC and NASDAQ
independence and experience requirements. The Board of Directors has also determined that Mr. Heller qualifies as an ‘‘audit
committee financial expert.’’
The Audit Committee discussed the auditors’ review of quarterly financial information with the auditors prior to the release of
that information and the filing of the Company’s quarterly reports with the SEC; the Audit Committee also met and held
discussions with management and the independent auditors with respect to the audited year-end financial statements.
Further, the Audit Committee discussed with the independent auditors the matters required to be discussed by the Public
Company Accounting Oversight Board Auditing Standard No. 16, ‘‘Communications with Audit Committees,’’ received the
written disclosures and the letter from the independent auditors required by applicable requirements of the Public Company
Accounting Oversight Board regarding the independent accountant’s communications with the Audit Committee concerning
independence and discussed with the auditors the auditors’ independence. The Committee also discussed with the auditors
and the Company’s financial management matters related to the Company’s internal control over financial reporting. Based
on these discussions and the written disclosures received from the independent auditors, the Committee recommended that
the Board of Directors include the audited financial statements in the Company’s Annual Report on Form 10-K for the year
ended February 28, 2015, filed with the SEC on April 28, 2015.
This audit committee report is not deemed filed under the Securities Act of 1933 or the Securities Exchange Act of 1934 and is
not incorporated by reference into any filings that the Company may make with the SEC.
AUDIT COMMITTEE
Stanley F. Barshay
Patrick R. Gaston
Jordan Heller
BED BATH & BEYOND PROXY STATEMENT
50