{"url_path":"/sec/fecof/10-k/2026/item-16a","section_key":"item-16a","section_title":"Item 16A AUDIT COMMITTEE FINANCIAL EXPERT**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/849997/0001477932-26-003204-index.html","accession_number":"0001477932-26-003204","cik":"0000849997","ticker":"FECOF","issuer_name":"FEC Resources Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/849997/0001477932-26-003204-index.html","primary_entity_key":"0000849997","primary_entity_name":"FEC Resources Inc."},"word_count":175,"has_tables":true,"body_markdown":"**ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT**\n\n \n\nThe Audit Committee is responsible for reviewing our financial reporting procedures, internal controls, and the performance of our auditors.  The Audit Committee is also responsible for reviewing all disclosure with respect to financial matters prior to filing or release and quarterly and annual Financial Statements prior to their approval by the full Board.  Members of the Audit Committee in 2025 were Daniel Carlos, Claro Ramirez, and Paul Wallace.  New members of our Audit Committee for 2026 will be appointed following our Annual and General Meeting of Shareholders. \n\n \n\n \n\n41\n\n*Table of Contents*\n\n \n\nOur Board has determined that it has at least one (1) financial expert serving on its Audit Committee.  This individual is Paul Wallace.  Mr. Wallace is a Chartered Professional Accountant and has significant experience in the review of financial statements and related information.\n\n \n\nMr. Wallace would be regarded as “independent” per Rule 5605(a)(2) of the Nasdaq Stock Market Rules, since he has not been employed by the Company as an Executive Officer during the past three (3) years."}