This excerpt taken from the CATY DEF 14A filed Apr 8, 2009.
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We are asking stockholders to ratify the appointment of KPMG LLP (KPMG) as our independent registered public accounting firm for our 2009 fiscal year. Although ratification is not legally required, Bancorp is submitting the appointment of KPMG to our stockholders for ratification in the interest of good corporate governance. In the event that this appointment is not ratified, the Audit Committee of the Board will reconsider the appointment.
The Audit Committee appoints the independent registered public accounting firm annually. Before appointing KPMG as our independent registered public accounting firm for fiscal 2009, the Audit Committee carefully considered the firms qualifications and performance during fiscal 2007 and 2008. In addition, the Audit Committee reviewed and approved audit and permissible non-audit services performed by KPMG in fiscal 2007 and 2008, as well as the fees paid to KPMG for such services. In its review of non-audit service fees and its appointment of KPMG as Bancorps independent registered public accounting firm, the Audit Committee considered whether the provision of such services was compatible with maintaining KPMGs independence.