Blackberry 2013 Annual Report Download - page 104

(4) Review RPA Group reports, as well as management’s response to such reports, and review and approve the annual audit plan
of the RPA Group, including the proposed audit universe, priorities, staffing, and, on a quarterly basis, the status of the audit plan and
the then current assessment and management of risk;
(5) Review the effectiveness of the RPA Group’s methodology relating to its assessment of risks to the Corporation, including
the factors considered and the relative weighting of such factors, and consider changes in management’s assessment of risks;
(6) Review with management the progress and results of all RPA Group projects, approve procedures for implementing accepted
recommendations, and, when deemed necessary or appropriate by the Committee, direct the Corporation’s Co-Chief Executive
Officer to assign additional audit projects to the leader of the RPA Group;
(7) Meet privately with the leader of the RPA Group to discuss any areas of concern, and to confirm that (i) significant issues are
brought to the Committee’s attention, (ii) the principal risks of the Corporation’s business have been identified by management and
appropriate policies and systems have been implemented to manage such risks, and (iii) the integrity of the Company’s internal
control and management information systems are satisfactory;
Oversight of Financial Reporting Process and Internal Controls
(1) Review the adequacy and effectiveness of the Corporation’s accounting and internal control policies and procedures through
inquiry and discussions with the Corporation’s independent auditors and management of the Corporation;
(2) Review with management the Corporation’s administrative, operational and accounting internal controls and internal control
over financial reporting, including controls and security of the computerized information systems, and evaluate whether the
Corporation is operating in accordance with its prescribed policies, procedures and codes of conduct;
(3) Review with management and the independent auditors any reportable conditions and material weaknesses affecting the
Corporation’s internal control and financial reporting;
(4) Receive periodic reports from the Corporation’s independent auditors and management of the Corporation to assess the
impact on the Corporation of significant accounting or financial reporting developments proposed by the Canadian Institute of
Chartered Accountants, the American Institute of Certified Public Accountants, the Financial Accounting Standards Board, the SEC,
the OSC or other regulatory body, or any other significant accounting or financial reporting related matters that may have a bearing
on the Corporation;
(5) Establish and maintain free and open means of communication between and among the Board, the Committee, the
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