Symantec 2009 Annual Report Download - page 58

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REPORT OF THE AUDIT COMMITTEE
The information contained in the following report of Symantec’s Audit Committee is not considered to be
“soliciting material,” “filed” or incorporated by reference in any past or future filing by Symantec under the
Securities Exchange Act of 1934 or the Securities Act of 1933 unless and only to the extent that Symantec
specifically incorporates it by reference.
The Audit Committee is comprised solely of independent directors, as defined by current NASDAQ listing
standards, and operates under a written charter which was most recently amended by the Board on July 24, 2007.
The Audit Committee oversees Symantec’s financial reporting process on behalf of the Board. Management has
primary responsibility for the financial statements and the reporting process, including the systems of internal
controls. In fulfilling its oversight responsibilities, the Audit Committee reviewed the audited financial statements
that were included in Symantec’s Annual Report on Form 10-K for the fiscal year ended April 3, 2009 with
management, including a discussion of the quality, not just the acceptability, of the accounting principles, the
reasonableness of significant judgments, and the clarity of the disclosures in the financial statements.
The Audit Committee reviewed with Symantec’s independent registered public accounting firm, who are
responsible for expressing an opinion on the conformity of those audited financial statements with generally
accepted accounting principles, their judgments as to the quality, not just the acceptability, of Symantec’s
accounting principles and such other matters as are required to be discussed with the Audit Committee under
Statement on Auditing Standards No. 114, “The Auditor’s Communications With Those Charged with Gover-
nance.” In addition, the Audit Committee has received and reviewed the written disclosures and the letter from the
independent registered public accounting firm required by applicable requirements of the Public Company
Accounting Oversight Board regarding the registered public accounting firm’s communications with the Audit
Committee concerning independence from management and Symantec, and has discussed with the independent
registered public accounting firm the registered public accounting firm’s independence from management and
Symantec.
The Audit Committee discussed with Symantec’s internal accountants and independent registered public
accounting firm the overall scope and plans for their respective audits. The Audit Committee meets with the internal
accountants and independent registered public accounting firm, with and without management present, to discuss
the results of their examinations, their evaluations of Symantec’s internal controls, and the overall quality of
Symantec’s financial reporting.
The Audit Committee also received the report of management contained in Symantec’s Annual Report on
Form 10-K for the fiscal year ended April 3, 2009, as well as KPMG’s Report of Independent Registered Public
Accounting Firm included in Symantec’s Annual Report on Form 10-K related to its audit of (i) the consolidated
financial statements and financial statement schedule and (ii) the effectiveness of internal control over financial
reporting. The Audit Committee continues to oversee Symantec’s efforts related to its internal control over financial
reporting and management’s preparations for the evaluation in fiscal 2010.
In reliance on the reviews and discussions referred to above, the Audit Committee recommended to the Board
(and the Board has approved) that the audited financial statements be included in Symantec’s Annual Report on
Form 10-K for the fiscal year ended April 3, 2009 for filing with the SEC.
By: The Audit Committee of the Board of Directors:
Frank E. Dangeard
David L. Mahoney
Robert S. Miller
V. Paul Unruh (Chair)
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