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FL » Topics » Audit and Non-Audit Fees

This excerpt taken from the FL DEF 14A filed Apr 9, 2009.

Audit and Non-Audit Fees

The following table shows the fees we paid to KPMG for the audit of Foot Locker’s annual financial statements for 2008 and 2007, as well as the fees billed for other services KPMG provided during these two fiscal years.

 

 

 

 

 

Category

  

2008

  

2007

Audit Fees (1)

  

 

$

 

3,005,000

    

 

$

 

2,780,000

  

Audit-Related Fees (2)

  

 

  

346,000

    

 

  

198,000

  

Tax Fees (3)

  

 

  

4,000

    

 

  

4,000

  

All Other Fees (4)

  

 

  

225,000

    

 

  

0

  

 

 

 

 

 

Total

  

 

$

 

3,580,000

    

 

$

 

2,982,000

  

 

 

 

 

 
This excerpt taken from the FL DEF 14A filed Apr 10, 2008.

Audit and Non-Audit Fees

The following table shows the fees we paid to KPMG for the audit of Foot Locker’s annual financial statements for 2007 and 2006, as well as the fees billed for other services KPMG provided during these two fiscal years.

 

 

 

 

 

Category

  

2007

  

2006

Audit Fees (1)

  

 

$

 

2,780,000

    

 

$

 

2,586,000

  

Audit-Related Fees (2)

  

 

  

198,000

    

 

  

131,000

  

Tax Fees (3)

  

 

  

4,000

    

 

  

63,000

  

All Other Fees

  

 

  

0

    

 

  

0

  

 

 

 

 

 

Total

  

 

$

 

2,982,000

    

 

$

 

2,780,000

  

 

 

 

 

 

This excerpt taken from the FL DEF 14A filed Apr 17, 2007.

Audit and Non-Audit Fees

The following table presents fees for professional audit services rendered by KPMG for the audit of Foot Locker’s annual financial statements for 2006 and 2005, as well as fees billed for other services provided by KPMG during these two fiscal years.

 

 

 

 

 

Category

  

2006

  

2005

Audit Fees (1)

  

 

$

 

2,586,000

    

 

$

 

3,175,000

  

Audit-Related Fees (2)

  

 

  

131,000

    

 

  

158,000

  

Tax Fees (3)

  

 

  

63,000

    

 

  

32,000

  

All Other Fees

  

 

  

0

    

 

  

0

  

 

 

 

 

 

Total

  

 

$

 

2,780,000

    

 

$

 

3,365,000

  

 

 

 

 

 

 

 

(1)

  

 

  

Audit fees consisted of professional services rendered in conjunction with the audit of our annual financial statements, reviews of financial statements included in our Form 10-Qs, reviews of registration statements and issuances of consents, as well as work generally only the independent auditor can reasonably be expected to provide, such as statutory audits.

 

(2)

  

 

  

Audit-related fees consisted principally of audits of financial statements of certain employee benefit plans.

 

(3)

  

 

  

Tax fees consisted principally of assistance with matters related to tax compliance.

We entered into an engagement letter with KPMG for the audit of our financial statements for 2007, which establishes the terms by which KPMG will perform the audit services. This agreement is subject to alternative dispute resolution procedures, an exclusion for punitive damages, and various other provisions.

This excerpt taken from the FL DEF 14A filed Apr 10, 2006.

Audit and Non-Audit Fees

      The following table presents fees for professional audit services rendered by KPMG for the audit of Foot Locker's annual financial statements for 2005 and 2004, as well as fees billed for other services provided by KPMG during these two fiscal years.

       Category
   2005
   2004
      

Audit Fees (1)

      $ 3,175,000        $ 3,227,000  
      

Audit-Related Fees (2)

        158,000          166,000  
      

Tax Fees (3)

        32,000          52,000  
      

All Other Fees

        0          0  
          
        
 
      

Total

      $ 3,365,000        $ 3,445,000  
          
        
 
      

               
(1)   Audit fees consisted of professional services rendered in conjunction with the audit of our annual financial statements, reviews of financial statements included in our Form 10-Qs, reviews of registration statements and issuances of consents, as well as work generally only the independent auditor can reasonably be expected to provide, such as statutory audits.
(2)   Audit-related fees consisted principally of audits of financial statements of certain employee benefit plans. For 2004, audit-related fees also included professional services in connection with an acquisition.
(3)   Tax fees consisted principally of assistance with matters related to tax compliance.

      In connection with the audit of our financial statements for 2005, we entered into an engagement letter with KPMG that sets forth the terms by which KPMG will perform the audit services. This agreement is subject to alternative dispute resolution procedures, an exclusion for punitive damages, and various other provisions.

This excerpt taken from the FL DEF 14A filed Apr 8, 2005.

Audit and Non-Audit Fees

      The following table presents fees for professional audit services rendered by KPMG for the audit of Foot Locker's annual financial statements for 2004 and 2003, as well as fees billed for other services provided by KPMG during these two fiscal years.

       Category
   2004
   2003
      

               
      

Audit Fees (1)

      $ 3,227,000        $ 1,969,000  
      

Audit-Related Fees (2)

        166,000          106,000  
      

Tax Fees (3)

        52,000          634,000  
      

All Other Fees

        0          0  
          
        
 
      

Total

      $ 3,445,000        $ 2,709,000  
          
        
 
      

               
(1)   Audit fees consisted of professional services rendered in conjunction with the audit of our annual financial statements, reviews of financial statements included in our Form 10-Qs, reviews of registration statements and issuances of consents, as well as work generally only the independent auditor can reasonably be expected to provide, such as statutory audits. For 2004, audit fees also included work performed in connection with the attestation reports on internal control over financial reporting required under the Sarbanes-Oxley Act of 2002.
     
(2)   Audit-related fees consisted principally of audits of financial statements of certain employee benefit plans. For 2004, audit-related fees also included professional services in connection with an acquisition.
     
(3)   For 2004, tax fees consisted principally of assistance with matters related to tax compliance and the fee for such services is reflected in the table above. For 2003 tax fees consisted principally of assistance with matters related to tax compliance, tax planning and tax assistance services for expatriate employees. In 2003, fees for tax compliance, planning and preparation were $235,000 out of the total tax fees reported above for that year.

28

EXCERPTS ON THIS PAGE:

DEF 14A
Apr 9, 2009
DEF 14A
Apr 10, 2008
DEF 14A
Apr 17, 2007
DEF 14A
Apr 10, 2006
DEF 14A
Apr 8, 2005

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