US Postal Service 2008 Annual Report Download - page 14

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14 | 2008 Annual Report United States Postal Service
The Audit and Finance
Committee assists the full
Board of Governors in fulfilling
its fiduciary responsibilities. The
Chairman of the Board selects the
members of the Committee. This
year the Committee, whose members
included Governor Louis J. Giuliano,
Governor Carolyn Lewis Gallagher,
Governor Thurgood Marshall, Jr.,
Governor James C. Miller III, and I,
met eight times.
The Committee’s primary
responsibility is oversight of the
integrity of Postal Service financial
statements. The Committee reviews
the soundness of internal accounting
and control practices and major
financial statement accounts involving
management judgment. The certified
public accounting firm responsible
for the independent audit of Postal
Service financial statements, Ernst
& Young LLP, reports to the Board
through the Committee. The Postal
Inspector General reports to the
Governors and is represented at all
Committee meetings.
Message from the Audit
and Finance Committee