12 23 2021 Moog Proxy - FY2021 - FINAL - Flipbook - Page 41
AUDIT COMMITTEE REPORT
The Audit Committee is composed solely of independent directors, as determined by the Board under the rules of the Securities
and Exchange Commission, the New York Stock Exchange listing standards, and the Company’s standards for director
independence. The Board has determined that each member of the Audit Committee is an “audit committee financial expert,” as
defined under applicable federal law and regulations. The Board has adopted a written charter for the Audit Committee, which is
available on the Company’s website. The Audit Committee has sole authority to appoint, terminate or replace the Company’s
independent registered public accounting firm, which reports directly to the Audit Committee.
The Audit Committee reviews the Company’s financial statements and the Company’s financial reporting process. Management
has the primary responsibility for the Company’s financial statements and internal control over financial reporting, as well as
disclosure controls and procedures.
In this context, the Audit Committee reviewed and discussed with management and Ernst & Young LLP, the Company’s
independent registered public accounting firm, the Company’s audited consolidated financial statements for the fiscal year ended
October 2, 2021. In addition, the Audit Committee discussed with the independent registered public accounting firm the matters
required to be discussed by applicable requirements of the Public Company Accounting Oversight Board and the Securities and
Exchange Commission.
The Audit Committee has received the written disclosures and the letter from the independent registered public accounting firm
required by the applicable requirements of the Public Company Accounting Oversight Board regarding the independent public
accounting firm’s communications with the Audit Committee concerning independence, and the Audit Committee discussed with
the independent registered public accounting firm that firm’s independence.
Based on the Audit Committee’s review and discussions referred to above, the Audit Committee recommended to the Board that
the audited consolidated financial statements be included in the Company’s Annual Report on Form 10-K, for the fiscal year
ended October 2, 2021, filed with the Securities and Exchange Commission.
Respectfully submitted,
Kraig H. Kayser, Chair
Peter J. Gundermann
R. Bradley Lawrence
Brenda L. Reichelderfer
Members of the Audit Committee
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