SkyWest Airlines 2013 Annual Report Download - page 167

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•Based on EY’s experience, and their knowledge of the Company, do the Company’s financial
statements fairly present to investors, with clarity and completeness, the Company’s financial
position and performance for the reporting period in accordance with GAAP and Securities and
Exchange Commission disclosure requirements?
• Based on EY’s experience, and their knowledge of the Company, has the Company implemented
internal controls and internal audit procedures that are appropriate for the Company?
• During the course of the applicable year, has EY received any communication or discovered any
information indicating any improprieties with respect to the Company’s accounting and reporting
procedures or reports?
The Audit and Finance Committee has also discussed with EY that they are retained by the Audit
and Finance Committee and that they must raise any concerns about the Company’s financial reporting
and procedures directly with the Audit and Finance Committee. Based on these discussions and its
discussions with management, the Audit and Finance Committee believes it has a basis for its oversight
judgments and for recommending that the Company’s audited financial statements be included in the
Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
What has the Audit & Finance Committee done with regard to the Company’s audited financial
statements for the year ended December 31, 2013?
The Audit and Finance Committee has:
• Reviewed and discussed the Company’s audited financial statements with the Company’s
management; and
• Discussed with EY the matters required to be discussed by Statement on Auditing Standards
No. 61, Communication with Audit and Finance Committees, as amended (Codification of
Statement on Auditing Standards, AU380) and as adopted by the Public Company Accounting
Oversight Board in Rule 3200T.
Has the Audit and Finance Committee considered the independence of the Company’s independent
registered public accounting firm?
The Audit and Finance Committee has received from EY the written disclosures regarding the
accounting firm’s independence required by PCAOB Ethics and Independence Rule 3526,
Communication with Audit Committees Concerning Independence, and has discussed with EY their
independence. The Audit and Finance Committee has concluded that EY is independent from the
Company and its management.
Has the Audit and Finance Committee made a recommendation regarding the audited financial
statements for the year ended December 31, 2013?
Based upon its review and the discussions with management and the Company’s independent
registered public accounting firm, the Audit and Finance Committee recommended to the Board that
the audited consolidated financial statements for the Company be included in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2013.
Does the Audit and Finance Committee provide a periodic report of its activities to the Board?
The Audit and Finance Committee provides reports of its activities at each regularly scheduled
Board meeting.
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