This excerpt taken from the BCSI 10-K filed Mar 28, 2007.
Fees Paid to Ernst & Young LLP
The following table sets forth the aggregate fees billed by Ernst & Young for audit services rendered in connection with the consolidated financial statements and reports for fiscal 2006 and 2005 and for other services rendered during fiscal years 2006 and 2005 on behalf of Blue Coat and its subsidiaries, as well as all out-of-pocket costs incurred in connection with these services (in thousands):
Audit fees consist of fees related to the financial statement audit and fees related to the review of the Special Committees internal stock option investigation under the direction of the Audit Committee and related activities. The financial statement audit fees for the years ended April 30, 2006 and 2005 were for professional services rendered for the annual audit of our consolidated financial statements, including the audit of our internal control over financial reporting, the reviews of our quarterly reports on Form 10-Q, statutory audits required in international locations and consents. Fees for the review of the Special Committees internal stock option investigation under the direction of the Audit Committee and related activities were for Ernst & Youngs audit of our restated consolidated financial statements for fiscal years 2005 and 2004 included in our Form 10-K for the fiscal year ended April 30, 2006.
The tax fees for the years ended April 30, 2006 and 2005 were for services related to tax compliance, including tax advice and tax planning.
No audit-related or other fees were incurred.
Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of Independent Registered Public Accounting Firm
Our Audit Committee adopted pre-approval policies and procedures for audit and non-audit services during fiscal year 2006. All audit, audit related, tax and permissible non-audit services are approved in advance by our Audit Committee to assure they do not impair the independence of our independent registered public accountants. At the beginning of the fiscal year, management prepares an estimate of all such fees for the duration of the fiscal year and submits the estimate to the Audit Committee for its review and pre-approval. Any modifications to the estimates will be submitted to the Audit Committee for pre-approval at the next regularly scheduled Audit Committee meeting, or if action is required sooner, to the Chairman of the Audit Committee. All fees paid to our independent registered public accounting firm during fiscal year 2006 were in accordance with this pre-approval policy.
Based on the Audit Committees discussion with management and the independent registered public accounting firm, and the Audit Committees review of the representations of management and the report of the independent registered public accounting firm to the Audit Committee, the Audit Committee recommended, and the Board of Directors subsequently approved, the inclusion of the audited financial statements in our Annual Report on Form 10-K for the fiscal year ended April 30, 2006, for filing with the Securities and Exchange Commission. The Audit Committee also recommended, and the Board of directors subsequently approved, the selection of Ernst & Young LLP, as our independent registered public accounting firm for the fiscal year ended April 30, 2007.
This excerpt taken from the BCSI 10-K filed Jul 14, 2005.
See the information set forth in the section entitled Principal Accountant Fees and Services in the 2005 Proxy Statement, which is incorporated herein by reference.