Vtech 2001 Annual Report Download - page 32

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AUDIT COMMITTEE
The Audit Committee has reviewed with management the accounting principles and practices adopted by the Group
and discussed auditing, internal control and financial reporting matters including the audited financial statements.
The members of the Audit Committee comprised Mr. Nils Erik Vilhelm MARTENSSON (Chairman) and Mr. Philip Leigh
TOSE, the two independent non-executive directors of the Company.
CODE OF BEST PRACTICE
In the opinion of the directors, the Company has complied with the Code of Best Practice as set out in Appendix 14 of
the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited throughout the
accounting period except that the independent non-executive directors of the Company are not appointed for a
specific term.
AUDITORS
The financial statements have been audited by PricewaterhouseCoopers, who retire and, being eligible, offer
themselves for re-appointment.
By order of the Board
Allan WONG Chi Yun
Chairman
Hong Kong, 27th June 2001
30
Report of the Directors