Western Union 2013 Annual Report Download - page 46

Report of the Audit Committee PROXY STATEMENT
The Western Union Company – Proxy Statement | 28
NOTICE OF 2014 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
Report of the Audit Committee
The Audit Committee of the Board of Directors of the Company oversees the Company’s financial reporting process on
behalf of the Board of Directors. Management has the primary responsibility for the consolidated financial statements and
the reporting process, including the systems of internal controls. The Company’s independent registered public accounting
firm is responsible for auditing those consolidated financial statements and expressing an opinion as to whether they
present fairly, in all material respects, the Company’s consolidated financial position, results of operations, and cash flows
in conformity with United States generally accepted accounting principles.
In fulfilling its oversight responsibilities, the Audit Committee reviewed and discussed the audited consolidated financial
statements of the Company set forth in the Company’s 2013 Annual Report to Stockholders and the Company’s Annual
Report on Form 10-K for the year ended December 31, 2013 with management of the Company. The Audit Committee
also discussed with Ernst & Young LLP, independent registered public accounting firm for the Company, the matters
required to be discussed under Auditing Standard No. 16, “Communications with Audit Committees,” issued by the Public
Company Accounting Oversight Board (United States). The Auditing Standard No. 16 communications include, among
other items, matters relating to the conduct of an audit of the Company’s consolidated financial statements under the
standards of the Public Company Accounting Oversight Board (United States).
The Audit Committee has received the written disclosures from Ernst & Young LLP required by Public Company
Accounting Oversight Board Ethics and Independence Rule 3526, “Communication with Audit Committees Concerning
Independence,” regarding Ernst & Young LLP’s independence, has considered the compatibility of non-audit services with
the auditors’ independence, and has discussed with Ernst & Young LLP their independence from the Company.
In reliance on the review and discussions described 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, 2013 for filing with the Securities and Exchange Commission.
Audit Committee
Richard A. Goodman (Chairperson)
Dinyar S. Devitre
Linda Fayne Levinson
Roberto G. Mendoza
Michael A. Miles, Jr.