Chipotle 2008 Annual Report Download - page 80

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AUDIT COMMITTEE REPORT
With regard to the fiscal year ended December 31, 2008, the Audit Committee (i) reviewed and discussed
with management our audited consolidated financial statements as of December 31, 2008 and for the year then
ended; (ii) discussed with Ernst & Young LLP, the independent auditors, the matters required by the Statement
on Auditing Standards No. 61, Communication with Audit Committees, as amended, as adopted by the Public
Company Accounting Oversight Board, or PCAOB, in Rule 3200T; (iii) received the written disclosures and the
letter from Ernst & Young LLP required by applicable requirements of the PCAOB regarding the Ernst & Young
LLP’s communications with the Audit Committee regarding independence; and (iv) discussed with Ernst &
Young LLP their independence.
Based on the review and discussions described above, the Audit Committee recommended to our Board of
Directors that our audited financial statements be included in our Annual Report on Form 10-K for the fiscal year
ended December 31, 2008 for filing with the SEC.
The Audit Committee:
Albert S. Baldocchi, Chairperson
Neil W. Flanzraich
John S. Charlesworth
17
Proxy Statement