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This excerpt taken from the XIDE DEF 14A filed Jul 16, 2007. Fees of
Independent Public Accountants for Fiscal 2007 and
2006
The following table presents fees for professional services
rendered by PwC for the audit of our annual financial statements
and internal control over financial reporting for fiscal 2006
and fiscal 2007, together with any fees for audit-related
services and tax services rendered by PwC for fiscal 2007 and
fiscal 2006.
All audit, audit-related and tax services were pre-approved by
the Audit Committee, which concluded that the provision of such
services by PwC was compatible with the maintenance of that
firm’s independence in the conduct of its auditing
functions. The Audit Committee’s charter provides that
individual engagements must be separately approved. The policy
also requires specific approval by the Audit Committee if total
fees for audit-related and tax services would exceed total fees
for audit services in any fiscal year. The policy authorizes the
Audit Committee to delegate to one or more of its members
pre-approval authority with respect to permitted services.
Pursuant to the Audit Committee charter, the Audit Committee
must approve all audit engagement fees and other significant
compensation to be paid to the independent auditor and the terms
of such engagement. Additionally, the Audit Committee must
pre-approve any non-audit services to be provided to our company
by the independent auditor. Based on the fees disclosed above,
approximately 25.1% of PwC’s fees approved by the Audit
Committee related to audit of our internal control over
financial reporting for the fiscal year ended March 31,
2007.
The Board of Directors recommends a vote FOR the ratification
of the appointment of PricewaterhouseCoopers LLP as our
independent auditors for fiscal 2008.
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