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English
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Documents
Description
Orascom Construction Industries S.A.E.Audit Committee CharterPurposeThe primary purpose of the Audit Committee (the “Committee”) of the Boardof Directors (the “Board”) of Orascom Construction Industries S.A.E. (the“Company”) is (a) to assist the Board in its oversight of (i) the integrity of theCompany’s financial statements; (ii) the Company’s compliance with legal andregulatory requirements; (iii) the independent auditor’s qualifications andindependence, and (iv) the performance of the Company’s internal audit function andindependent auditors, and (b) to prepare and publish an annual Committee report andsuch other reports to the extent required under any applicable securities laws andstock exchange regulations.Committee ResponsibilitiesThe Committee’s job is one of oversight and the Committee recognizes that itis not the duty of the Committee to plan or conduct audits or to determine that theCompany’s financial statements and disclosures are complete and accurate and are inaccordance with generally accepted accounting procedures and applicable rules andregulations. These are the responsibilities of the Company’s management and theCompany’s independent auditors. The Company’s management is responsible forcompliance with laws and regulations and compliance with the Company’s policiesand procedures. Additionally, the Committee recognizes that financial management,including the internal audit staff, as well as the external auditors, have more time ...
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