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This excerpt taken from the TRN DEF 14A filed Apr 1, 2009. Fees of
Independent Registered Public Accounting Firm for Fiscal Years
2008 and 2007
The following table presents fees for professional audit
services rendered by Ernst & Young for the audits of
the Company’s annual financial statements for the years
ended December 31, 2008 and 2007, and fees for other
services rendered by Ernst & Young during those
periods:
Services rendered by Ernst & Young in connection with
fees presented above were as follows:
Audit
Fees
In fiscal years 2008 and 2007, audit fees includes fees
associated with the annual audit of the Company’s financial
statements, the assessment of the Company’s internal
control over financial reporting as integrated with the annual
audit of the Company’s financial statements, the quarterly
reviews of the financial statements included in the
Company’s
Form 10-Q
filings, statutory audits in Mexico and Europe, and consents
included in other SEC filings.
Audit-Related
Fees
Audit-related fees include fees for employee benefit plan
audits, use of online research tools, and certain compliance
audits.
Tax
Fees
Tax fees in fiscal years 2008 and 2007 include fees for tax
advice, tax planning, and tax return review.
All
Other Fees
There were no fees for other services not included above.
The Audit Committee pre-approves all audit and permissible
non-audit services provided by Ernst & Young. These
services may include audit services, audit-related services, tax
services, and other services. The Audit Committee has adopted a
policy for the pre-approval of services provided by
Ernst & Young. In addition, the Audit Committee also
may pre-approve particular services on a
case-by-case
basis. The Audit Committee has delegated pre-approval authority
to the Chair of the Audit Committee. Pursuant to this
delegation, the Chair must report any pre-approval decision by
him to the Audit Committee at its first meeting after the
pre-approval was obtained. Under this policy, pre-approval is
generally provided for up to one year, and any pre-approval is
detailed as to the particular services or category of services
and includes an anticipated budget.
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