巴菲特伯克希尔哈撒韦公司审计委员会章程

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BerkshireHathawayInc.AuditCommitteeCharter

CommitteeMembership:

TheAuditCommitteeofBerkshireHathawayInc.(the“Company”)shallbecomprisedofat

leastthreedirectors,eachofwhomtheBoardhasdeterminedhasnomaterialrelationshipwiththeCompanyandeachofwhomisotherwise“independent”undertherulesoftheNewYorkStockExchange,Inc.andRule10A-3undertheSecuritiesExchangeActof1934

TheBoardshallalsodeterminethateachmemberis“financiallyliterate,”andthatonememberoftheAuditCommitteehas“accountingorrelatedfinancialmanagementexpertise,”assuch

qualificationsareinterpretedbytheBoardofDirectorsinitsbusinessjudgment,andwhether

anymemberoftheAuditCommitteeisan“auditcommitteefinancialexpert,”asdefinedbytherulesofSecuritiesandExchangeCommission(the“SEC”).IftheBoardhasdeterminedthatamemberoftheAuditCommitteeisanauditcommitteefinancialexpert,itmaypresumethat

suchmemberhasaccountingorrelatedfinancialmanagementexpertise.

NodirectormayserveasamemberoftheAuditCommitteeifsuchdirectorservesontheauditcommitteesofmorethantwootherpubliccompaniesunlesstheBoardofDirectorsdeterminesthatsuchsimultaneousservicewouldnotimpairtheabilityofsuchdirectortoeffectivelyserveontheAuditCommittee,anddisclosesthisdeterminationintheCompany’sannualproxy

statement.

MembersshallbeappointedbytheBoardandshallserveatthepleasureoftheBoardandforsuchtermortermsastheBoardmaydetermine.

CommitteePurposes:

ThepurposesoftheAuditCommitteeareto:

1.assistBoardoversightof(i)theintegrityoftheCompany’sfinancialstatements,(ii)theCompany’scompliancewithlegalandregulatoryrequirements,(iii)theindependentauditors’qualificationsandindependence,and(iv)theperformanceoftheindependentauditorsandtheCompany’sinternalauditfunction;and

2.preparethereportrequiredtobepreparedbytheAuditCommitteepursuanttotherulesoftheSECforinclusionintheCompany’sannualproxystatement.

ThefunctionoftheAuditCommitteeisoversight.ThemanagementoftheCompanyis

responsibleforthepreparation,presentationandintegrityoftheCompany’sfinancialstatements.Managementisresponsibleformaintainingappropriateaccountingandfinancialreporting

policiesandinternalcontrolsandproceduresthatprovideforcompliancewithaccounting

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standardsandapplicablelawsandregulations.Theindependentauditorsareresponsiblefor

planningandcarryingoutaproperauditoftheCompany’sconsolidatedannualfinancial

statements,reviewsoftheCompany’sconsolidatedquarterlyfinancialstatementspriortothefilingofeachquarterlyreportonForm10-Q,andotherprocedures.Infulfillingtheir

responsibilitieshereunder,itisrecognizedthatmembersoftheAuditCommitteearenotfulltimeemployeesoftheCompanyandarenot,anddonotrepresentthemselvestobe,performingthe

functionsofauditorsormanagement.Assuch,itisnotthedutyorresponsibilityoftheAuditCommitteeoritsmemberstoconduct“fieldwork”orothertypesofauditingoraccounting

reviewsorproceduresortosetauditorindependencestandards.

TheindependentauditorsshallsubmittotheAuditCommitteeannuallyaformalwritten

statement(the“Auditors’Statement”)describing:theauditors’internalquality-control

procedures;anymaterialissuesraisedbythemostrecentinternalquality-controlrevieworpeerreviewoftheauditors,orbyanyinquiryorinvestigationbygovernmentalorprofessional

authorities,withintheprecedingfiveyears,respectingoneormoreindependentauditscarriedoutbytheauditors,andanystepstakentodealwithanysuchissues;and,toassesstheauditors’independence,allrelationshipsbetweentheindependentauditorsandtheCompany,includingthematterssetforthinIndependenceStandardsBoardNo.1.

CommitteeDutiesandResponsibilities:

Tocarryoutitspurposes,theAuditCommitteeshallhavethefollowingdutiesandresponsibilities:

1.withrespecttotheindependentauditors,

(i)tobedirectlyresponsiblefortheappointment,compensation,retentionandoversightoftheworkoftheindependentauditors(includingtheresolutionofdisagreementsbetweenmanagementandtheindependentauditorsregardingfinancialreporting),whoshallreportdirectlytotheAuditCommittee;

(ii)tobedirectlyresponsiblefortheappointment,compensation,retentionandoversightoftheworkofanyregisteredpublicaccountingfirm,otherthantheindependentauditors,engagedforthepurposeofpreparingorissuinganauditreportortoperformaudit,revieworattestationservices,whichfirmshallreportdirectlytotheAuditCommittee;

(iii)topre-approve,ortoadoptappropriateprocedurestopre-approve,allaudit

andnon-auditservicestobeprovidedbytheindependentauditors;

(iv)toensurethattheindependentauditorsprepareanddeliverannuallyan

Auditors’Statement(itbeingunderstoodthattheindependentauditorsareresponsiblefortheaccuracyandcompletenessofthisStatement),andtodiscusswiththeindependentauditorsanyrelationshipsorservicesdisclosed

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inthisStatementthatmayimpactthequalityofauditservicesortheobjectivityandindependenceoftheCompany’sindependentauditors;

(v)toobtainfromtheindependentauditorsinconnectionwithanyauditatimelyreportrelatingtotheCompany’sannualauditedfinancialstatementsdescribingallcriticalaccountingpoliciesandpracticesused,allalternativetreatmentsoffinancialinformationwithingenerallyacceptedaccountingprinciplesthathavebeendiscussedwithmanagement,ramificationsoftheuseofsuchalternativedisclosuresandtreatments,andthetreatmentpreferredbytheindependentauditors,andanymaterialwrittencommunicationsbetweentheindependentauditorsandmanagement,such

asany“management”letterorscheduleofunadjusted

differences;

(vi)totakeintoaccounttheopinionsofmanagementandtheCompany’s

directorofinternalauditinassessingtheindependentauditors’qualifications,performanceandindependence;

2.withrespecttotheinternalauditfunction,

(i)toreviewtheappointmentandreplacementoftheCompany’sdirectorofinternalaudit;

(ii)toadvisethedirectorofinternalauditthatheorsheisexpectedtoprovidetotheAuditCommitteesummariesofand,asappropriate,thesignificantreportsresultingfromauditsperformedbyinternalauditandmanagement’sresponsesthereto;and

(iii)toannuallyapprovetheInternalAuditplanandcharter;

3.withrespecttofinancialreportingprinciplesandpoliciesandinternalcontrolsandprocedures,

(i)toadvisemanagement,thedirectorofinternalauditandtheindependentauditorsthattheyareexpectedtoprovidetotheAuditCommitteeatimelyanalysisofsignificantfinancialreportingissuesandpractices;

(ii)toconsideranyreportsorcommunications(andmanagement’sand/orinternalaudit’sresponsesthereto)submittedtotheAuditCommitteebytheindependentauditorsrequiredbyorreferredtoinPCAOBAuditingStandardNo.16,asitmaybemodifiedorsupplemented,includingreportsandcommunicationsrelatedto:

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•deficienciesnotedintheauditinthedesignoroperationofinternalcontrols;

•considerationoffraudinafinancialstatementaudit;

•detectionofillegalacts;

•theindependentauditors’responsibilityundergenerallyacceptedauditingstandards;

•anyrestrictiononauditscope;

•significantaccountingpolicies;

•significantissuesdiscussedwiththenationalofficerespectingauditingoraccountingissuespresentedbytheengagement;

•managementjudgmentsandaccountingestimates;

•anyaccountingadjustmentsarisingfromtheauditthatwerenotedorproposedbytheauditorsbutwerepassed(asimmaterialorotherwise);

•disagreementswithmanagement;

•consultationbymanagementwithotheraccountants;

•difficultiesencounteredwithmanagementinperformingtheaudit;

•theindependentauditors’judgmentsaboutthequalityoftheentity’saccountingprinciples;

•reviewsofinterimfinancialinformationconductedbytheindependentauditors;

•goingconcernuncertainties;

•departuresfromthestandardauditor’sreport;

•overviewoftheauditstrategy,timingoftheaudit,andsignificantrisks;and

•theresponsibilities,budgetandstaffingoftheCompany’sinternalauditfunction;

(iii)tomeetwithmanagement,theindependentauditorsand,ifappropriate,the

directorofinternalaudit:

•discussthescopeoftheannualaudit;

•discusstheannualauditedfinancialstatementsandquarterlyfinancialstatements,includingtheCompany’sdisclosuresunder“Management’sDiscussionandAnalysisofFinancialConditionandResultsofOperations”;

•discussanysignificantmattersarisingfromanyaudit,includinganyauditproblemsordifficulties,whetherraisedbymanagement,directorofinternalauditortheindependentauditors,relatingtotheCompany’sfinancialstatements;

•todiscussanydifficultiestheindependentauditorsencounteredinthecourseoftheaudit,includinganyrestrictionsontheiractivities

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oraccesstorequestedinformationandanysignificant

disagreementswithmanagement;

•todiscussany“management”or“internalcontrol”letterissued,orproposedtobeissued,bytheindependentauditorstotheCompany;

•toreviewtheformofopiniontheindependentauditorsproposetorendertotheBoardofDirectorsandshareholders;and

•todiscuss,asappropriate:(a)anymajorissuesregardingaccountingprinciplesandfinancialstatementpresentations,includinganysignificantchangesintheCompany’sselectionorapplicationofaccountingprinciples,andmajorissuesastotheadequacyoftheCompany’sinternalcontrolsandanyspecialauditstepsadoptedinlightofmaterialcontroldeficiencies;(b)analysespreparedbymanagementand/ortheindependentauditorssettingforthsignificantfinancialreportingissuesandjudgmentsmadeinconnectionwiththepreparationofthefinancialstatements,includinganalysesoftheeffectsofalternativeGAAPmethodsonthefinancialstatements;and(c)theeffectofregulatoryandaccountinginitiatives,aswellasoff-balancesheetstructures,onthefinancialstatementsoftheCompany;

(iv)toinquireoftheCompany’schiefexecutiveofficerandchieffinancial

officerastotheexistenceofanysignificantdeficienciesandmaterialweaknessesinthedesignoroperationofinternalcontroloverfinancialreportingwhicharereasonablylikelytoadverselyaffecttheCompany’sabilitytorecord,process,summarizeandreportfinancialinformationandanyfraud,whetherornotmaterial,thatinvolvesmanagementorotheremployeeswhohaveasignificantroleintheCompany’sinternalcontroloverfinancialreporting;

(v)todiscussguidelinesandpoliciesgoverningtheprocessbywhichseniormanagementoftheCompanyandtherelevantdepartmentsoftheCompanyassessandmanagetheCompany’sexposuretorisk,includingcybersecuritythreatsandenvironmentalandsocialriskssuchasclimatechangeanddiversity,respectively,andtodiscusstheCompany’smajorfinancialriskexposuresandthestepsmanagementhastakentomonitorandcontrolsuchexposures;

(vi)toobtainfromtheindependentauditorsassurancethattheauditwas

conductedinamannerconsistentwithSection10AoftheSecuritiesExchangeActof1934,asamended,whichsetsforthcertainprocedurestobefollowedinanyauditoffinancialstatementsrequiredundertheSecuritiesExchangeActof1934;

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(vii)todiscusswithseniormanagementoftheCompanyanysignificantlegal,

complianceorregulatorymattersthatmayhaveamaterialeffectonthefinancialstatementsortheCompany’sbusiness,financialstatementsorcompliancepolicies,includingmaterialnoticestoorinquiriesreceivedfromgovernmentalagencies;

(viii)todiscussthetypeandpresentationofinformationtobeincludedin

earningspressreleases;

(ix)toestablishproceduresforthereceipt,retentionandtreatmentofcomplaints

receivedbytheCompanyregardingaccounting,internalaccountingcontrolsorauditingmatters,andfortheconfidential,anonymoussubmissionbyCompanyemployeesofconcernsregardingquestionableaccountingorauditingmatters;

(x)toreviewanddiscussanyreportsconcerningmaterialviolationssubmittedtoitbyCompanyattorneysoroutsidecounselpursuanttotheSECattorneyprofessionalresponsibilityrules(17C.F.R.Part205),orotherwise;

(xi)toestablishhiringpoliciesforemployeesorformeremployeesofthe

independentauditors;and

(xii)toreviewandapproveallrelated-partytransactionsthatarerequiredtobe

disclosedunderItem404(a)ofRegulationS-K.

4.withrespecttoreportingandrecommendations,

(i)toprepareanyreportorotherdisclosures,includinganyrecommendationoftheAuditCommittee,requiredbytherulesoftheSECtobeincludedintheCompany’sannualproxystatement;

(ii)toprepareandissuetheevaluationrequiredunder“PerformanceEvaluation”below;and

(iii)toreportitsactivitiestothefullBoardofDirectorsonaregularbasisandto

makesuchrecommendationswithrespecttotheaboveandothermattersastheAuditCommitteemaydeemnecessaryorappropriate.

CommitteeStructureandOperations:

TheAuditCommitteeshalldesignateonememberoftheCommitteeasitschairperson.The

AuditCommitteeshallmeetonceeveryquarter,ormorefrequentlyifcircumstancesdictate,todiscusswithmanagementtheannualauditedfinancialstatementsandquarterlyfinancial

statements,asapplicable.TheAuditCommitteeshouldmeetseparatelyperiodicallywith

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management,thedirectorofinternalauditandtheindependentauditorstodiscussanymatters

thattheAuditCommitteeoranyofthesepersonsorfirmsbelieveshouldbediscussedprivately.TheAuditCommitteemayrequestanyofficeroremployeeoftheCompanyortheCompany’soutsidecounselorindependentauditorstoattendameetingoftheAuditCommitteeortomeetwithanymembersof,orconsultantsto,theAuditCommittee.MembersoftheAuditCommitteemayparticipateinameetingoftheAuditCommitteebymeansofconferencecallorsimilar

communicationsequipmentbymeansofwhichallpersonsparticipatinginthemeetingcanheareachother.

PerformanceEvaluation:

TheAuditCommitteeshallprepareandrev