HOT » Topics » Pre-Approval of Services

These excerpts taken from the HOT DEF 14A filed Mar 26, 2009.
Pre-Approval of Services
 
The Audit Committee pre-approves all services, including both audit and non-audit services, provided by the Company’s independent registered public accounting firm. For audit services (including statutory audit engagements as required under local country laws), the independent registered public accounting firm provides the Audit Committee with an engagement letter outlining the scope of the audit services proposed to be performed during the year. The engagement letter must be formally accepted by the Audit Committee before any audit commences. The independent registered public accounting firm also submits an audit services fee proposal, which also must be approved by the Audit Committee before the audit commences. The Audit Committee may delegate authority to one of its members to pre-approve all audit/non-audit services by the independent registered public accounting firm, as long as these approvals are presented to the full Audit Committee at its next regularly scheduled meeting.
 
Management submits to the Audit Committee all non-audit services that it recommends the independent registered public accounting firm be engaged to provide and an estimate of the fees to be paid for each. Management and the independent registered public accounting firm must each confirm to the Audit Committee that the performance of the non-audit services on the list would not compromise the independence of the registered public accounting firm and would be permissible under all applicable legal requirements. The Audit Committee must approve both the list of non-audit services and the budget for each such service before commencement of the work. Management and the independent registered public accounting firm report to the Audit Committee at each of its regular meetings as to the non-audit services actually provided by the independent registered public accounting firm and the approximate fees incurred by the Company for those services.
 
All audit and permissible non-audit services provided by Ernst & Young to the Company for the fiscal years ended December 31, 2008 and 2007 were pre-approved by the Audit Committee or the Board of Directors.
 
Pre-Approval
of Services



 



The Audit Committee pre-approves all services, including both
audit and non-audit services, provided by the Company’s
independent registered public accounting firm. For audit
services (including statutory audit engagements as required
under local country laws), the independent registered public
accounting firm provides the Audit Committee with an engagement
letter outlining the scope of the audit services proposed to be
performed during the year. The engagement letter must be
formally accepted by the Audit Committee before any audit
commences. The independent registered public accounting firm
also submits an audit services fee proposal, which also must be
approved by the Audit Committee before the audit commences. The
Audit Committee may delegate authority to one of its members to
pre-approve all audit/non-audit services by the independent
registered public accounting firm, as long as these approvals
are presented to the full Audit Committee at its next regularly
scheduled meeting.


 



Management submits to the Audit Committee all non-audit services
that it recommends the independent registered public accounting
firm be engaged to provide and an estimate of the fees to be
paid for each. Management and the independent registered public
accounting firm must each confirm to the Audit Committee that
the performance of the non-audit services on the list would not
compromise the independence of the registered public accounting
firm and would be permissible under all applicable legal
requirements. The Audit Committee must approve both the list of
non-audit services and the budget for each such service before
commencement of the work. Management and the independent
registered public accounting firm report to the Audit Committee
at each of its regular meetings as to the non-audit services
actually provided by the independent registered public
accounting firm and the approximate fees incurred by the Company
for those services.


 



All audit and permissible non-audit services provided by
Ernst & Young to the Company for the fiscal years
ended December 31, 2008 and 2007 were pre-approved by the
Audit Committee or the Board of Directors.


 




Pre-Approval of Services
 
The Audit Committee pre-approves all services, including both audit and non-audit services, provided by the Company’s independent registered public accounting firm. For audit services (including statutory audit engagements as required under local country laws), the independent registered public accounting firm provides the Audit Committee with an engagement letter outlining the scope of the audit services proposed to be performed during the year. The engagement letter must be formally accepted by the Audit Committee before any audit commences. The independent registered public accounting firm also submits an audit services fee proposal, which also must be approved by the Audit Committee before the audit commences. The Audit Committee may delegate authority to one of its members to pre-approve all audit/non-audit services by the independent registered public accounting firm, as long as these approvals are presented to the full Audit Committee at its next regularly scheduled meeting.
 
Management submits to the Audit Committee all non-audit services that it recommends the independent registered public accounting firm be engaged to provide and an estimate of the fees to be paid for each. Management and the independent registered public accounting firm must each confirm to the Audit Committee that the performance of the non-audit services on the list would not compromise the independence of the registered public accounting firm and would be permissible under all applicable legal requirements. The Audit Committee must approve both the list of non-audit services and the budget for each such service before commencement of the work. Management and the independent registered public accounting firm report to the Audit Committee at each of its regular meetings as to the non-audit services actually provided by the independent registered public accounting firm and the approximate fees incurred by the Company for those services.
 
All audit and permissible non-audit services provided by Ernst & Young to the Company for the fiscal years ended December 31, 2007 and 2006 were pre-approved by the Audit Committee.
 
Pre-Approval
of Services



 



The Audit Committee pre-approves all services, including both
audit and non-audit services, provided by the Company’s
independent registered public accounting firm. For audit
services (including statutory audit engagements as required
under local country laws), the independent registered public
accounting firm provides the Audit Committee with an engagement
letter outlining the scope of the audit services proposed to be
performed during the year. The engagement letter must be
formally accepted by the Audit Committee before any audit
commences. The independent registered public accounting firm
also submits an audit services fee proposal, which also must be
approved by the Audit Committee before the audit commences. The
Audit Committee may delegate authority to one of its members to
pre-approve all audit/non-audit services by the independent
registered public accounting firm, as long as these approvals
are presented to the full Audit Committee at its next regularly
scheduled meeting.


 



Management submits to the Audit Committee all non-audit services
that it recommends the independent registered public accounting
firm be engaged to provide and an estimate of the fees to be
paid for each. Management and the independent registered public
accounting firm must each confirm to the Audit Committee that
the performance of the non-audit services on the list would not
compromise the independence of the registered public accounting
firm and would be permissible under all applicable legal
requirements. The Audit Committee must approve both the list of
non-audit services and the budget for each such service before
commencement of the work. Management and the independent
registered public accounting firm report to the Audit Committee
at each of its regular meetings as to the non-audit services
actually provided by the independent registered public
accounting firm and the approximate fees incurred by the Company
for those services.


 



All audit and permissible non-audit services provided by
Ernst & Young to the Company for the fiscal years
ended December 31, 2007 and 2006 were pre-approved by the
Audit Committee.


 




Pre-Approval of Services
 
The Audit Committee pre-approves all services, including both audit and non-audit services, provided by the Company’s independent registered public accounting firm. For audit services (including statutory audit engagements as required under local country laws), the independent registered public accounting firm provides the Audit Committee with an engagement letter outlining the scope of the audit services proposed to be performed during the year. The engagement letter must be formally accepted by the Audit Committee before any audit commences. The independent registered public accounting firm also submits an audit services fee proposal, which also must be approved by the Audit Committee before the audit commences. The Audit Committee may delegate authority to one of its members to pre-approve all audit/non-audit services by the independent registered public accounting firm, as long as these approvals are presented to the full Audit Committee at its next regularly scheduled meeting.
 
Management submits to the Audit Committee all non-audit services that it recommends the independent registered public accounting firm be engaged to provide and an estimate of the fees to be paid for each. Management and the independent registered public accounting firm must each confirm to the Audit Committee that the performance of the non-audit services on the list would not compromise the independence of the registered public accounting firm and would be permissible under all applicable legal requirements. The Audit Committee must approve both the list of non-audit services and the budget for each such service before commencement of the work. Management and the independent registered public accounting firm report to the Audit Committee at each of its regular meetings as to the non-audit services actually provided by the independent registered public accounting firm and the approximate fees incurred by the Company for those services.
 
All audit and permissible non-audit services provided by Ernst & Young to the Company for the fiscal years ended December 31, 2006 and 2005 were pre-approved by the Audit Committee.
 
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