This excerpt taken from the ARTE DEF 14A filed Apr 30, 2007.
PRINCIPAL ACCOUNTANT FEES AND SERVICES
The audit committee has appointed Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2007, and is asking the stockholders to ratify this appointment at the annual meeting. In the event that our stockholders fail to ratify this appointment, the audit committee will reconsider its selection. However, the audit committee is not required to appoint a new independent registered public accounting firm if it believes that this action would not be in the best interests of us and our stockholders. Even if the selection is ratified, the audit committee in its discretion may direct the appointment of a different independent registered public accounting firm at any time during the year if the audit committee believes that such a change would be in the best interests of us and our stockholders.
The following table presents the fees for professional services rendered by Ernst & Young LLP for fiscal years 2006 and 2005:
All fees paid to Ernst & Young LLP for 2006 were pre-approved by our board. Our audit committee was formed in June 2006 as we prepared for our initial public offering.