Alaska Airlines and Horizon Air 2014 Annual Report Download - page 46
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The Committee has also received and reviewed
the written disclosures and the KPMG letter
required by PCAOB Rule 3526, Communicating
with Audit Committees Concerning
Independence, and has discussed with KPMG
their independence.
Based on the review and discussions described
above, the Audit Committee recommended to the
Board of Directors that the audited financial
statements be included in Alaska Air Group’s
Annual Report on Form 10-K for the fiscal year
ended December 31, 2014.
Audit Committee Charter
The Audit Committee has adopted a written
charter, which is posted on the Company’s
website at www.alaskaair.com. It describes the
roles of the Audit Committee and the
independent accountants (for which the Audit
Committee approves the appointment and
compensation and whom the Committee
oversees). In addition, it describes the Audit
Committee’s relationship to internal audit and
the Committee’s responsibilities with regard to
assessing the Company’s internal controls and
enterprise risk.
Audit Committee Independence and
Financial Expertise
All members of the Audit Committee meet the
independence, financial literacy and experience
requirements of the New York Stock Exchange
and of the Securities and Exchange Commission.
The SEC requires that at least one member
qualify as a “financial expert” as defined
pursuant to the Sarbanes-Oxley Act.
Ms. Bedient’s experience as a public company
chief financial officer and former partner of a
global accounting firm and Mr. Yeaman’s
experience as a chief financial officer of a public
company qualify each of them as financial
experts.
Audit Committee of the Board of Directors
Patricia M. Bedient, Chair
Dhiren R. Fonseca, Member
Dennis F. Madsen, Member
Eric K. Yeaman, Member
34 AUDIT COMMITTEE MATTERS