It would appear to be standard, which was my point:
Audit Committee. The Audit Committee, which was established in accordance with Section 3(a)(58)(A) of the Exchange Act, is currently comprised of Messrs. Glickman, Grun, Jabbar and Schriesheim, with Mr. Schriesheim serving as Chairman. The Audit Committee met seven times during 2008. The Board has determined that each of the directors who presently serve on the committee is an independent director under applicable NASDAQ rules and SEC Rule 10A-3, is able to read and understand fundamental financial statements as required by NASDAQ rules, and is an “audit committee financial expert” under applicable SEC rules.
The Audit Committee works closely with management and our independent registered public accounting firm. Among its specific responsibilities, the Audit Committee: oversees our internal accounting and operational controls and our financial and regulatory reporting; selects our independent registered public accounting firm and assesses its performance on an ongoing basis; reviews our interim and year-end financial statements and audit findings with management and our independent registered public accounting firm; reviews our general policies and procedures regarding audits, accounting and financial controls; reviews the scope and results of the auditing engagement and the extent to which we have implemented changes suggested by the independent registered public accounting firm; reviews the results of each audit by our independent registered public accounting firm and discusses with the firm any factors that may affect its independence, including, without limitation, the provision of any non-audit services; performs other oversight functions as requested by the full Board; and reports on its activities to the full Board. The Audit Committee has the authority to obtain advice and assistance from, at Company expense, outside legal, accounting or other advisors as the Audit Committee deems necessary to carry out its duties.
http://ir.mscsoftware.com/committees.cfm
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Be well
