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CVS » Topics » Fees of Principal Accounting Firm

This excerpt taken from the CVS DEF 14A filed Mar 24, 2009.

Fees of Principal Accounting Firm

The following table summarizes the fees paid to (i) Ernst & Young for services rendered during fiscal 2008 and 2007 and (ii) KPMG for services rendered during fiscal 2007.

 

      Ernst & Young    KPMG
      Fiscal Year Ended
12/31/08		    Fiscal Year Ended
12/29/07		    Fiscal Year Ended
12/29/07

Audit Fees (1)

    $ 4,874,500    $ 3,750,000    $ 3,219,000

Audit Related Fees (2)

    $ 1,889,500    $ 905,650    $ 250,000

Tax Fees (3)

    $ 123,452    $ 626,973    $ 18,000

All Other Fees

      —        —        —  

 

  (1) Represents the aggregate fees and expenses billed for the audit of our financial statements and the audit of our internal control over financial reporting for the fiscal year, the reviews of the condensed financial statements included in our quarterly reports on Form 10-Q, and services provided in connection with statutory and regulatory filings for the fiscal year.

 

  (2) Represents the aggregate fees billed for audit and other services that are typically performed by auditors, including audits of our employee benefit plans and our charitable foundations, procedures performed and reported on under Statements on Auditing Standards (SAS 70 reports), acquisition assistance and due diligence, and professional services to assist management in planning, organizing and reviewing certain items that will be required to fulfill management’s obligations under Section 404 of the Sarbanes-Oxley Act of 2002.

 

  (3) Represents the aggregate fees billed for tax compliance, consulting and related services.
This excerpt taken from the CVS DEF 14A filed Mar 28, 2008.

Fees of Principal Accounting Firm

The following table summarizes the fees paid to (i) Ernst & Young for services rendered during fiscal 2007 and (ii) KPMG for services rendered during fiscal 2007 and fiscal 2006.

 

     

Ernst & Young

    KPMG
      Fiscal Year Ended
12/29/07		    Fiscal Year Ended
12/29/07		    Fiscal Year Ended
12/30/06

Audit Fees (1)

    $3,750,000    $3,219,000    $2,811,000

Audit Related Fees (2)

    $   905,650    $   250,000    $   246,000

Tax Fees (3)

    $   626,973    $     18,000    $     76,000

All Other Fees

    —      —      —  

 

  (1) Represents the aggregate fees and expenses billed for the audit of our financial statements and the audit of our internal controls over financial reporting for the fiscal year, the reviews of the condensed financial statements included in our quarterly reports on Form 10-Q, and services provided in connection with statutory and regulatory filings for the fiscal year.
  (2) Represents the aggregate fees billed for audit and other services that are typically performed by auditors, including audits of our employee benefit plans and our charitable foundations, procedures performed and reported on under Statements on Auditing Standards (SAS 70 reports), acquisition assistance and due diligence, and professional services to assist management in planning, organizing and reviewing certain items that will be required to fulfill management’s obligations under Section 404 of the Sarbanes-Oxley Act of 2002.
  (3) Represents the aggregate fees billed for tax compliance, consulting and related services.

EXCERPTS ON THIS PAGE:

DEF 14A
Mar 24, 2009
DEF 14A
Mar 28, 2008

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