DVN » Topics » Independent Auditors Fees

This excerpt taken from the DVN DEF 14A filed Apr 24, 2009.
Independent Auditors’ Fees
 
Under the terms of its Charter, the Audit Committee approves the fees we pay our independent auditors. For the years ended December 31, 2008 and December 31, 2007, we paid the following fees to KPMG LLP:
 
                 
    2008   2007
 
Audit fees
  $ 3,419,000     $ 3,719,000  
Audit related fees
    371,000       275,000  
Tax fees
    386,000       205,000  
All other fees
           
                 
    $ 4,176,000     $ 4,199,000  
                 
 
Audit fees include services for the audits of the financial statements and the effective operation of our internal controls over financial reporting. Audit related fees consisted principally of audits of financial statements of certain affiliates and subsidiaries and certain accounting consultation. Tax fees consisted of tax compliance and tax consulting fees. The Audit Committee has considered whether the provisions of audit related services and tax services are compatible with maintaining KPMG LLP’s independence and has determined the auditors’ independence is not impaired.
 
Independent Auditors’ Fees
 
Under the terms of its charter, the Audit Committee approves the fees we pay our independent auditors. For the years ended December 31, 2007 and December 31, 2006, we paid the following fees to KPMG LLP:
 
                 
    2007   2006
 
Audit fees
  $ 3,719,000     $ 3,300,000  
Audit related fees
  $ 275,000     $ 290,000  
Tax fees
  $ 205,000     $ 323,000  
All other fees
  $     $  
                 
    $ 4,199,000     $ 3,913,000  
                 
 
Audit fees include services for the audits of the financial statements and the effective operation of our internal controls over financial reporting. Audit related fees consisted principally of audits of financial statements of employee benefit plans and certain affiliates and subsidiaries and certain accounting consultation. Tax fees consisted of tax compliance and tax consulting fees. The Audit Committee has considered whether the provisions of audit related services and tax services are compatible with maintaining KPMG LLP’s independence and has determined the auditors’ independence is not impaired.
 
Independent Auditors’ Fees
 
Under the terms of its charter, the Audit Committee approves the fees we pay our independent auditors. For the years ended December 31, 2006 and December 31, 2005, we paid the following fees to KPMG LLP:
 
                 
    2005     2006  
 
Audit fees
  $ 2,904,000     $ 3,300,000  
Audit related fees
  $ 375,000     $ 290,000  
Tax fees
  $ 274,000     $ 323,000  
All other fees
  $     $  
                 
    $ 3,553,000     $ 3,913,000  
                 
 
Audit fees include services for the audits of the financial statements and management’s assessment of, and the effective operation of, our internal controls over financial reporting. Audit related fees consisted principally of audits of financial statements of employee benefit plans and certain affiliates and subsidiaries and certain accounting consultation. Tax fees consisted of tax compliance and tax consulting fees. The Audit Committee has considered whether the provisions of audit related services and tax services are compatible with maintaining KPMG LLP’s independence and has determined the auditors’ independence is not impaired.
 
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