PMC » Topics » Independent Registered Public Accounting Firm Fees

This excerpt taken from the PMC DEF 14A filed Apr 30, 2009.

Independent Registered Public Accounting Firm Fees

In connection with the audit of the 2008 financial statements, the Company entered into an engagement letter with PwC which set forth the terms by which PwC has performed audit services to the Company.

The aggregate fees billed by PwC for professional services for 2007 and 2008 were as follows:

 

Description of Fees

   2007    2008

Audit Fees (1)

   $ 1,060,684    $ 1,029,908

Audit—Related Fees (2)

     570,276      —  

Tax Fees

     —        —  

All Other Fees (3)

     1,500      40,056
             

Total

   $ 1,632,460    $ 1,069,964
             

 

49


Table of Contents

 

(1) Annual audit fees include fees for the audit of our annual financial statements, the audit of our internal controls over financial reporting (2008 only), and the review of our financial information included in our Form 10-Q filings. For 2007, the fees also include fees incurred for services performed in connection with the acquisition of PharMerica Long-Term Care on July 31, 2007.

 

(2) Fees for audit-related services were principally related to due-diligence associated with the acquisition of PharMerica Long-Term Care on July 31, 2007.

 

(3) For 2007, all other fees were related to rights of the Company to utilize a research tool offered by PwC. For 2008, all other fees were related to procedures performed by PwC for compliance with the Corporate Integrity Agreement dated March 29, 2005 between PharMerica Long-Term Care and the Office of Inspector General within the Department of Health and Human Services.
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki