terex Audit08

The document is the charter of the Audit Committee of Terex Corporation's Board of Directors. It outlines the committee's purpose, membership, meetings, responsibilities and authority. The primary function of the committee is to oversee the quality and integrity of the company's accounting, auditing, compliance and reporting practices. The committee is responsible for appointing, compensating and overseeing the independent auditor and monitoring their independence. The committee also oversees the company's financial reporting process, internal controls, risk management and ethics programs.