Blackberry 2014 Annual Report Download - page 77

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69
employees of the present and former independent auditors; and
(iii) actively engaging in a dialogue with the independent auditors with respect to any disclosed relationships
or services that may impact the objectivity and independence of the independent auditors and taking
appropriate action to satisfy itself of the auditors' independence;
(5) Instruct the Corporation's independent auditors that:
(i) they are ultimately accountable to the Committee;
(ii) they must report directly to the Committee; and
(iii) the Committee is responsible for the appointment (subject to Board and shareholder approval),
compensation, retention, evaluation and oversight of the Corporation's independent auditors;
(6) Review and pre-approve all audit and permitted non-audit services to be provided by the independent auditors
to the Corporation, including tax services;
Oversight of Annual Audit and Quarterly Reviews
(1) Review and accept, if appropriate, the annual audit plan of the Corporation's independent auditors, including
the scope of audit activities, and monitor such plan's progress and results during the year;
(2) Confirm through private discussions with the Corporation's independent auditors and the Corporation's
management that no management restrictions are being placed on the scope of the independent auditors' work;
(3) Review the results of the year-end audit of the Corporation, including (as applicable):
(i) the audit reports on the Corporation's financial statements and management's assessment of internal
control over financial reporting, the published financial statements, the management representation
letter, the "Memorandum Regarding Ac-counting Procedures and Internal Control" or similar
memorandum prepared by the Corporation's independent auditors, any other pertinent reports and
management's responses concerning such memorandum;
(ii) the qualitative judgments of the independent auditors about the appropriateness, not just the
acceptability, of accounting principles and financial disclosure practices used or proposed to be adopted
by the Corporation and, particularly, about the degree of aggressiveness or conservatism of its
accounting principles and underlying estimates;
(iii) the selection and application of the Corporation’s critical accounting policies;
(iv) the methods used to account for significant unusual transactions;
(v) the effect of significant accounting policies in controversial or emerging areas for which there is a lack
of authoritative guidance or consensus;
(vi) management's process for formulating sensitive accounting estimates and the reasonableness of these
estimates;
(vii) significant recorded and unrecorded audit adjustments;
(viii) any material accounting issues among management, the RPA Group (as defined above) and the
independent auditors; and
(ix) other matters required to be communicated to the Committee under applicable auditing standards by
the independent auditors;
(4) Review the Corporation’s interim financial statements and quarterly earnings press releases and report thereon
to the Board before such documents are approved by the Board and disclosed to the public;
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