The Audit Committee Key Practices© copyright 2011 general electric companyThe Audit Committee Key Practiceskey practicesThe Audit Committee has adopted the following key practices to assist it in undertaking the functions and responsibilities set forth in its charter:1. Meetings. The committee will meet at least seven times a year, generally on a day different than the regularly scheduled board meeting to allow time for in-depth discussion. 2. Review of Periodic Reports. The committee will review the Company’s Form 10-K in detail with the CEO, the CFO and the full board at an extended February board meeting. The committee will meet to review the Company’s Form 10-Qs with the CFO. These reviews will include the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section in the periodic reports. In connection with its review of the Company’s Form 10-Ks and Form 10-Qs, the committee will receive reports on any important differences between the disclosure in the Company’s Form 10-Ks and Form 10-Qs and the disclosures in the Form 10-Ks and Form 10-Qs of General Electric Capital Services, Inc. (GECS) and General Electric Capital Corporation (GECC). The head of the corporate audit staff and the Company’s independent auditor will be present at these meetings. 3. Quarterly Review of CEO and CFO Certification Process. In conjunction with its reviews of the Form 10-Ks and Form 10-Qs, the committee will also review the ...