1. The Nexia International Audit Committee Felix J. Lozano, III Chairman

2. Composition of Audit Committee –Felix Lozano NA - USA – Chairman ’082004 –Michel GirbesE – Netherlands Dep Chairman ‘082008 –Yvonne LangE - UK – Tech Adviser1999 –Percy ItaliaAP - India2004 –George DakisAP - Australia2007 –Horacio Brihet SA - Argentina2007 –Anton LewisMEA - South Africa2007 –Mike Bishop E - UK 2007 –Grant BlockNA - Canada 2008 –Alan AndersonNA - USA2008 –Svetlana RomanovaMEA – Russia2009 A Network of Independent Accounting Firms

3. Future Members of Audit Committee –?????????????CA – Primarily Mexico2009 –?????????????AP – Primarily China2009 A Network of Independent Accounting Firms

4. How often do we meet Formally twice a year –Annual conference –Coinciding with another Nexia event (e.g. Tax Conference) Teleconference call are conducted in Janurary and July of each year A Network of Independent Accounting Firms

5. Our Terms of Reference (Objectives/Goals) Universal Language – Quality Develop and enhance technical standards Quality control of new and existing members Develop and promote best practice Contribute to training events Current Agenda Items A Network of Independent Accounting Firms

6. Developing and enhancing technical standards The Nexia International Audit Manual –Available to all members –Complies with International Standards on Auditing –Required to adopt in full or demonstrate adherence to principles –To Be updated in 2009 The Nexia International Quality Manual –Available to all members A Network of Independent Accounting Firms

7. Quality control Reviews of new and existing members Reviews performed in 2008 = 60 Reviews to Conduct in: –2009 = 68 –2010 = 72 A Network of Independent Accounting Firms

8. Quality control Annual Representation Annual self-certification of compliance required of each member firm Questions regarding compliance with Nexia’s quality and audit standards Provides information about the member firm and its clients to help inform the wider quality programme A Network of Independent Accounting Firms

9. Contribution to training events Audit Forum prior to Annual Conference Contribute to regional training initiatives Specific events – for example Central and Caribbean region training A Network of Independent Accounting Firms

10. Past Audit Forums 1 st Audit Forum - 2005 –Lisbon, Portugal –68 delegates 2 nd Audit Forum – 2006 –Buenos Aires, Argentina –69 delegates A Network of Independent Accounting Firms

11. Past Audit Forums 3 rd Audit Forum – 2007 –Dublin, Ireland –116 delegates 4 th Audit Forum – 2008 –New Delhi, India –95 delegates A Network of Independent Accounting Firms

12. Current Agenda Items Resource Constraints Hiring or additional resoureces Regional Chairman assistance 3 year Review Program Independence Analysis – Sub-Committee Quality Control Framework for Membership A Network of Independent Accounting Firms

13. Thank You For Your Support!