Its primary responsibilities, among other items, include (a) reviewing and discussing with management and the outside audit firm the quarterly and annual financial results and other financial information of the company, (b) the appointment, replacement, compensation and oversight of independent auditors, (c) reviewing all recommendations by the auditors with respect to accounting methods and internal controls of the company, (d) the review and advance approval of audit and non-audit services provided by the auditors, (e) oversight of the effectiveness of the company’s internal audit function, (f) otherwise providing oversight for the accounting and financial reporting processes of the company and the audits of the financial statements of the company, (g) providing oversight of the company’s compliance with legal and regulatory requirements, and (h) the review, approval or ratification of all related party transactions.