This excerpt taken from the GTLS DEF 14A filed Apr 26, 2005.
Independent Registered Public Accounting Firm
Ernst & Young LLP has served as independent auditors of the Company and has audited its financial statements since the Companys formation in 1992. The Audit Committee has not yet recommended to the Board of Directors the independent auditors for 2005.
All auditing and permissible non-audit services provided by the Companys independent auditor are pre-approved by the Audit Committee in accordance with the Audit Committee Charter. Fees for services rendered by Ernst & Young LLP, the Companys independent auditors, for each of the last two fiscal years were:
Representatives of Ernst & Young LLP are expected to be present at the Annual Meeting. They will have the opportunity to make a statement if they so desire and are expected to be available to respond to appropriate questions.
The Audit Committee has adopted a policy under which the Audit Committee Chairman has the authority to pre-approve audit and non-audit services provided by the Companys independent auditor, provided that the total fees paid by the Company for any single audit service or non-audit service that is pre-approved by the Audit Committee Chairman does not exceed $10,000. In addition, the Company must present to the Audit Committee at each of its scheduled meetings any such audit service or non-audit service that is pre-approved by the Audit Committee Chairman that has not been presented to the Audit Committee previously at a scheduled meeting of the Audit Committee.
None of the services described above was approved by the Audit Committee under the de minimus exception to pre-approval provided in Commission rules.