The Audit Committee assists in the appointment of independent auditors to be elected by the annual general meeting and reviews the scope of external audit services. It has to pre-approve all audit and non-audit services to be performed by the external auditor. The Audit Committee also reviews the annual financial statements of Magyar Telekom, taking into account the results of the audits and reviews performed by the independent auditors. The Audit Committee also reviews financial reports submitted to the stock exchanges, banks and regulatory bodies as well as reports prepared by the Company's internal auditors. The Audit Committee shall have as necessary but at least four meetings each year. Audit Committee members are appointed from the independent members of the Supervisory Board by the general meeting of the company.