Big Lots 2015 Annual Report Download - page 75

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Audit Committee Report
The Audit Committee has reviewed and discussed the audited financial statements for fiscal 2015 with
management and the independent registered public accounting firm. The Audit Committee has
discussed with the independent registered public accounting firm the matters required to be discussed
by Auditing Standard No. 16, as adopted by the Public Company Accounting Oversight Board. The
Audit Committee has received the written communications from the independent registered public
accounting firm required by applicable requirements of the Public Company Accounting Oversight
Board regarding the independent registered public accounting firm’s communications with the Audit
Committee concerning independence, and has discussed with the independent registered public
accounting firm its independence. Based on these reviews and discussions, the undersigned members
of the Audit Committee recommended to the Board that the audited consolidated financial statements
for fiscal 2015 be included in our Form 10-K for filing with the SEC.
Members of the Audit Committee
Philip E. Mallott, Chair
Cynthia T. Jamison
Wendy L. Schoppert
Russell E. Solt
PROPOSAL THREE: RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS
OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL 2016
At its March 8, 2016 meeting, the Audit Committee appointed Deloitte & Touche LLP as our
independent registered public accounting firm for fiscal 2016, subject to our entry into a mutually
agreed upon services contract with Deloitte & Touche LLP. The submission of this matter for approval
by shareholders is not legally required; however, we believe that such submission is consistent with
best practices in corporate governance and is another opportunity for shareholders to provide direct
feedback on an important issue of our corporate governance. If the shareholders do not ratify the
appointment of Deloitte & Touche LLP, the selection of such firm as our independent registered public
accounting firm will be reconsidered by the Audit Committee.
A representative of Deloitte & Touche LLP will be present at the Annual Meeting to respond to
appropriate questions and to make a statement if so desired.
THE BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE FOR THE PROPOSAL TO
RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS OUR INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL 2016.
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