Electronic Arts 2006 Annual Report Download - page 52

evaluates the performance of EA's independent auditors; consults with the independent auditors and EA's
internal audit function regarding internal controls and the integrity of the Company's Ñnancial statements;
assesses the independence of the independent auditors; and is responsible for the selection of the
independent auditors.
In this context, the Audit Committee has met and held discussions with members of management, EA's
internal audit function and the independent auditors. Management has represented to the Audit
Committee that the Company's consolidated Ñnancial statements were prepared in accordance with
accounting principles generally accepted in the United States, and the Audit Committee has reviewed and
discussed the consolidated Ñnancial statements with management and the independent auditors.
Management has also represented to the Audit Committee that the Company's internal control over
Ñnancial reporting was eÅective as of the end of the Company's most recently-completed Ñscal year, and
the Audit Committee has reviewed and discussed the Company's internal control over Ñnancial reporting
with management and the independent auditors. The Audit Committee also discussed with the
independent auditors matters required to be discussed by Statement on Auditing Standards No. 61
(Communications with Audit Committees), as amended, including the quality and acceptability of the
Company's Ñnancial reporting process and internal controls. The Audit Committee has also discussed with
the Company's independent auditors the overall scope and plans for their annual audit and reviewed the
results of that audit with management and the independent auditors.
In addition, the Audit Committee has discussed with the independent auditors the auditors' independence
from the Company and its management, including the matters in the written disclosures required by
Independence Standards Board Standard No. 1 (Independence Discussions with Audit Committees). The
Audit Committee has also considered whether the provision of any non-audit services (as described above
under ""Proposal 5. RatiÑcation of the Appointment of KPMG LLP, Independent Auditors Ì Fees of
Independent Auditors'') and the employment of former KPMG LLP employees by the Company is
compatible with maintaining the independence of KPMG LLP.
The members of the Audit Committee are not engaged in the practice of auditing or accounting. In
performing its functions, the Audit Committee necessarily relies on the work and assurances of the
Company's management and independent auditors.
In reliance on the reviews and discussions referred to in this report and in light of its role and
responsibilities, the Audit Committee recommended to the Board of Directors that the audited Ñnancial
statements of the Company for the three years ended March 31, 2006 be included for Ñling with the SEC
in the Company's Annual Report on Form 10-K for the year ended March 31, 2006. The Audit
Committee has also approved the selection of KPMG LLP as the Company's independent auditors for
Ñscal 2007.
AUDIT COMMITTEE
M. Richard Asher
Gary M. Kusin
Gregory B. MaÅei (Chairman)
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