BECN » Topics » Audit and Non-Audit Fees

This excerpt taken from the BECN DEF 14A filed Jan 7, 2010.

Audit and Non-Audit Fees

The table below summarizes the fees billed by our independent registered public accounting firm, Ernst & Young LLP, for the fiscal years ended September 30, 2009 and September 30, 2008.

         
Year   Audit   Audit-Related   Tax   All Other   Total
2009   $ 1,030,001     $ 37,800     $ 159,955     $     $ 1,227,756  
2008   $ 1,008,214     $ 40,800     $ 142,700     $     $ 1,191,714  

14


 
 

TABLE OF CONTENTS

Audit fees include fees for professional services rendered for the audit of our annual consolidated financial statements, the audit of our internal controls and the reviews of the interim financial statements included in our Forms 10-Q.

The audit-related services reflect audit fees for our 401(k) profit-sharing plan and associated consultations.

Tax fees represent professional services related to tax compliance and consulting.

The Audit Committee has considered the compatibility of the provision of services covered by the preceding paragraph with the maintenance of the principal accountant's independence from the Company and has determined that the provision of such services is not incompatible with the maintenance of such independence.

The Audit Committee annually reviews the performance of the independent registered public accounting firm and the fees charged for their services.

This excerpt taken from the BECN DEF 14A filed Jan 5, 2009.

Audit and Non-Audit Fees

        The table below summarizes the fees billed by our independent registered public accounting firm, Ernst & Young LLP, for the fiscal years ended September 30, 2008 and September 30, 2007.

Year
  Audit   Audit-Related   Tax   All Other   Total  
  2008   $ 1,008,214   $ 40,800   $ 142,700   $   $ 1,191,714  
  2007   $ 1,075,000   $ 290,480   $ 165,000   $   $ 1,530,480  

13


        Audit fees include fees for professional services rendered for the audit of our annual consolidated financial statements, the audit of our internal controls and the reviews of the interim financial statements included in our Forms 10-Q.

        The audit-related services reflect audit fees for our 401(k) profit-sharing plan and associated consultations. In addition, fiscal 2007 includes $257,980 for the due diligence fees associated with our acquisition of North Coast Commercial Roofing Systems, Inc.

        Tax fees represent professional services related to tax compliance and consulting.

        The audit committee has considered the compatibility of the provision of services covered by the preceding paragraph with the maintenance of the principal accountant's independence from the Company and has determined that the provision of such services is not incompatible with the maintenance of such independence.

        The audit committee annually reviews the performance of the independent registered public accounting firm and the fees charged for their services.


Report of the Audit Committee

        The role of the audit committee is to assist the board of directors in its oversight of the integrity of the Company's financial reporting process and compliance with legal and regulatory requirements. The audit committee reviews the Company's financial reporting process on behalf of the Company's board of directors. Management has the primary responsibility for the financial statements and the reporting process, including the system of internal controls.

        In this context, the audit committee has met and held discussions with management and the Company's independent registered public accounting firm. The audit committee has reviewed and discussed the audited financial statements with management and the independent registered public accounting firm. The audit committee discussed with the independent registered public accounting firm matters required to be discussed by Statement on Auditing Standards No. 61, Communication with Audit Committees, as amended (AICPA, Professional Standards, Vol. 1 AU 380), and as adopted by the Public Company Accounting Oversight Board in Rule 3200T. The audit committee has discussed with the independent registered public accounting firm the auditor's independence from the Company and management. In addition, the audit committee received the written disclosures and the letter from the independent registered public accounting firm required by the applicable requirements of the Public Company Accounting Oversight Board regarding the independent public accounting firm's communications with the audit committee concerning independence.

        In reliance on the reviews and discussions referred to above, the audit committee approved that the audited financial statements be included in the Company's Annual Report on Form 10-K for the year ended September 30, 2008.

    AUDIT COMMITTEE:

 

 

H. Arthur Bellows, Jr., Chairman
Peter M. Gotsch
Wilson B. Sexton

14



INFORMATION ON EXECUTIVE COMPENSATION

This excerpt taken from the BECN DEF 14A filed Jan 7, 2008.

Audit and Non-Audit Fees

        The table below summarizes the fees billed by our independent registered public accounting firm, Ernst & Young LLP, for the fiscal years ended September 30, 2007 and September 30, 2006.

Year

  Audit
  Audit-Related
  Tax
  All Other
  Total
2007   $ 1,075,000   $ 290,480   $ 165,000   $   $ 1,530,480
2006   $ 1,212,500   $   $ 132,420   $   $ 1,344,920

19


        Audit fees include fees for professional services rendered for the audit of our annual consolidated financial statements, the audit of our internal controls and the reviews of the interim financial statements included in our Forms 10-Q. For fiscal 2007, the audit fees also include $35,000 for derivative accounting and other consultations. For fiscal 2006, the audit fees also include fees of $115,000 for the audit of the acquired Shelter Distribution's opening balance sheet and fees of $50,000 associated with Ernst & Young LLP's work on our December 2005 stock offering and the related filings with the SEC.

        The audit-related services for fiscal 2007 include $257,980 for the due diligence fees associated with our acquisition of North Coast Commercial Roofing Systems, Inc. in fiscal 2007 and $32,500 for the audit fees for our 401(k) profit-sharing plan. There were no audit-related services for fiscal 2006.

        Tax fees represent professional services related to tax compliance and consulting.

        The audit committee has considered the compatibility of the provision of services covered by the preceding paragraph with the maintenance of the principal accountant's independence from the Company and has determined that the provision of such services is not incompatible with the maintenance of such independence.

        The audit committee annually reviews the performance of the independent registered public accounting firm and the fees charged for their services.

This excerpt taken from the BECN DEF 14A filed Jan 22, 2007.

Audit and Non-Audit Fees

The table below summarizes the fees billed by our independent registered public accounting firm, Ernst & Young LLP, for the fiscal years ended September 30, 2006 and September 24, 2005.

Year

 

 

 

Audit

 

Audit-Related

 

Tax

 

All Other

 

Total

 

2006

 

$

1,212,500

 

 

$

 

 

$

132,420

 

 

$

 

 

$

1,344,920

 

2005

 

$

973,600

 

 

$

 

 

$

107,000

 

 

$

 

 

$

1,080,600

 

 

13




Audit fees include fees for professional services rendered for the audit of our annual consolidated financial statements and, beginning in fiscal 2005, the audit of our internal controls and the reviews of the interim financial statements included in our Forms 10-Q. For 2006, the audit fees include fees of $115,000 for the audit of the acquired Shelter Distribution’s opening balance sheet and fees of $50,000 associated with Ernst & Young LLP’s work on our December 2005 stock offering and the related filings with the SEC. For 2005, the audit fees include $107,600 for services performed in connection with the filings of our Forms S-3 and S-8.

There were no audit-related services for fiscal 2006 and 2005.

Tax fees represent professional services related to tax compliance and consulting.

The audit committee has considered the compatibility of the provision of services covered by the preceding paragraph with the maintenance of the principal accountant’s independence from the Company and has determined that the provision of such services is not incompatible with the maintenance of such independence.

The audit committee annually reviews the performance of the independent registered public accounting firm and the fees charged for their services.

This excerpt taken from the BECN DEF 14A filed Jan 17, 2006.

Audit and Non-Audit Fees

The table below summarizes the fees billed by our independent registered public accounting firm, Ernst & Young LLP, for the fiscal years ended September 24, 2005 and September 25, 2004.

Year

 

 

 

Audit

 

Audit-Related

 

Tax

 

All Other

 

Total

 

2005

 

$

928,600

 

 

$

 

 

$

107,000

 

 

$

 

 

$

1,035,600

 

2004

 

$

1,419,200

 

 

$

 

 

$

75,000

 

 

$

 

 

$

1,494,200

 

 

Audit fees include fees for professional services rendered for the audit of our annual consolidated financial statements and, beginning in fiscal 2005, the audit of our internal controls and the reviews of the interim financial statements included in our Forms 10-Q. For 2005, the audit fees include $107,600 for services performed in connection with the filings of our Forms S-3 and S-8. For 2004, the audit fees include fees of $995,200 associated with Ernst & Young LLP’s work on our initial public offering and the related filings with the SEC.

There were no audit-related fees for fiscal 2005 and 2004.

Tax fees represent professional services related to tax compliance and consulting.

The audit committee has considered the compatibility of the provision of services covered by the preceding paragraph with the maintenance of the principal accountant’s independence from the Company and has determined that the provision of such services is not incompatible with the maintenance of such independence.

The audit committee annually reviews the performance of the independent registered public accounting firm and the fees charged for their services.

This excerpt taken from the BECN 10-K filed Dec 8, 2005.

Audit and Non-Audit Fees

The table below summarizes the fees billed by our independent registered public accounting firm, Ernst & Young LLP, for the fiscal years ended September 24, 2005 and September 25, 2004.

Year

 

 

 

Audit

 

Audit-Related

 

Tax

 

All Other

 

Total

 

2005

 

$

928,600

 

 

$

 

 

$

107,000

 

 

$

 

 

$

1,035,600

 

2004

 

$

1,419,200

 

 

$

 

 

$

75,000

 

 

$

 

 

$

1,494,200

 

 

Audit fees include fees for professional services rendered for the audit of our annual consolidated financial statements and, beginning in fiscal 2005, the audit of our internal controls and the reviews of the interim financial statements included in our Forms 10-Q. For 2005, the audit fees include $107,600 for services performed in connection with the filings of our Forms S-3 and S-8. For 2004, the audit fees also include fees of $995,200 associated with Ernst & Young’s work on our initial public offering and the related filings with the SEC.

There were no audit-related fees for fiscal 2005 and 2004.

Tax fees represent professional services related to tax compliance and consulting.

The audit committee has considered the compatibility of the provision of services covered by the two preceding paragraphs with the maintenance of the principal accountant’s independence from the Company and has determined that the provision of such services is not incompatible with the maintenance of such independence.

The audit committee annually reviews the performance of the independent auditors and the fees charged for their services.

73




"Audit and Non-Audit Fees" elsewhere:

Interline Brands (IBI)
Pall (PLL)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki