Telus 2013 Annual Report Download - page 42

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42
The CEO or CFO will report to the Committee, and the Committee will review
such reports, on any fraud, whether or not material, that involves management or
other employees who have a significant role in the Company’s internal controls.
Where the CEO, CFO and/or the Chief Internal Auditor are named in a complaint,
the Director of Ethics and Internal Controls will speak directly with the Chair of
the Committee.
The Chief Internal Auditor will report to the Committee, and the Committee will
consider such reports, on the results of the investigation of whistleblower, ethics
and internal controls complaints.
4.5 Accounting and Financial Management
The Committee will review:
a) with management and the external auditors, the Company’s major
accounting policies, including the impact of alternative accounting policies
and key management estimates, risks and judgments that could
materially affect the financial results and whether they should be
disclosed in the MD&A;
b) emerging accounting issues and their potential impact on the Company’s
financial reporting;
c) significant judgments, assumptions and estimates made by management
in preparing financial statements;
d) the evaluation by either the internal or external auditors of management’s
internal control systems, and management’s responses to any identified
weaknesses;
e) the evaluation by management of the adequacy and effectiveness in the
design and operation of the Company’s disclosure controls and internal
controls for financial reporting;
f) audits designed to report on management’s representations on the
effectiveness and efficiency of selected projects, processes, programs or
departments;
g) management’s approach for safeguarding corporate assets, data and
information systems, the adequacy of staffing of key financial functions
and their plans for improvements; and
h) internal interim and post implementation reviews of major capital projects.
4.6 Credit Worthiness, Treasury Plans and Financial Policy
The Committee will review with management:
a) the Company’s financial policies and compliance with such policies;