TripAdvisor 2012 Annual Report Download - page 155

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AUDIT COMMITTEE REPORT
The Audit Committee reviews our financial reporting process on behalf of the Board of Directors.
Management has the primary responsibility for the financial statements, the reporting process and maintaining an
effective system of internal control over financial reporting. The Company’s independent registered public
accounting firm is engaged to audit and express opinions on the conformity of the Company’s financial
statements to generally accepted accounting principles and applicable rules and regulations, and the effectiveness
of the Company’s internal control over financial reporting.
In this context, the Audit Committee has reviewed and discussed the audited consolidated financial
statements, together with the results of the assessment of the internal control over financial reporting, with
management and the independent registered public accounting firm. The Audit Committee has discussed with the
independent registered public accounting firm the matters required to be discussed by Statement on Auditing
Standards No. 61, “Communication with Audit Committees,” as amended and as adopted by the Public Company
Accounting Oversight Board (“PCAOB”) in Rule 3200T. In addition, the Audit Committee has received the
written disclosures and the letter from the independent registered public accounting firm required by applicable
requirements of the PCAOB regarding communications with the Audit Committee concerning independence, and
has discussed with the independent registered public accounting firm its independence from the Company and the
Company’s management. Finally, the Audit Committee has considered whether the independent registered public
accounting firm’s provision of non-audit services to the Company is compatible with its independence.
Relying on the reviews and discussions referred to above, the Audit Committee recommended to the Board
of Directors that the audited consolidated financial statements be included in the Company’s Annual Report on
Form 10-K for the year ended December 31, 2012, and the Board approved such inclusion.
No portion of this Audit Committee Report shall be deemed to be incorporated by reference into any filing
under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, through any
general statement incorporating by reference in its entirety the Proxy Statement in which this report appears,
except to the extent that TripAdvisor specifically incorporates this report or a portion of it by reference. In
addition, this report shall not be deemed filed under either the Securities Act or the Exchange Act.
Members of the Audit Committee:
Robert S. Wiesenthal (Chairman)
Jonathan F. Miller
Jeremy Philips
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