WBS » Topics » Auditor Fee Information

This excerpt taken from the WBS DEF 14A filed Mar 20, 2009.

Auditor Fee Information

The following table presents fees for professional audit services rendered by KPMG for the audit of the Corporation’s annual financial statements for the years ended December 31, 2008 and December 31, 2007 and fees billed for other services rendered by KPMG during those periods. No fees were paid to E&Y in either 2008 or 2007.

 

     Fiscal 2008    Fiscal 2007

Audit Fees (1)

   $ 1,488,000    $ 1,346,000

Audit Related Fees (2)

     99,500      107,000

Tax Fees (3)

     56,175      20,000

All Other Fees (4)

     0      0
             

Total

   $ 1,643,675    $ 1,473,000

 

(1)

Audit Fees consist of fees billed for professional services rendered for the audit of Webster’s consolidated annual financial statements and review of the interim consolidated financial statements included in quarterly reports and services that are normally provided by KPMG in connection with statutory and regulatory filings or engagements. Audit Fees also include activities related to internal control reporting under Section 404 of the Sarbanes-Oxley Act.

 

(2)

Audit Related Fees consist of fees billed for assurance and related services that are reasonably related to the performance of the audit or review of Webster’s consolidated financial statements and are not reported under “Audit Fees.” This category includes fees related to financial statement audits of certain employee benefit plans.

 

(3)

Tax Fees consist of fees billed for professional services rendered for tax compliance and tax advice.

 

(4)

Other Fees consist of fees for products and services other than for services for which fees were reported as Audit Fees, Audit-Related Fees and Tax Fees.

This excerpt taken from the WBS DEF 14A filed Mar 7, 2008.

Auditor Fee Information

The following table presents fees for professional audit services rendered by KPMG LLP for the audit of the Corporation’s annual financial statements for the years ended December 31, 2007 and December 31, 2006 and fees billed for other services rendered by KPMG LLP during those periods.

 

     Fiscal 2007    Fiscal 2006

Audit Fees (1)

   $ 1,346,000    $ 1,302,750

Audit Related Fees (2)

     107,000      167,725

Tax Fees (3)

     20,000     

All Other Fees (4)

     0      25,027
             

Total

   $ 1,473,000    $ 1,495,502

 

(1)

Audit Fees consist of fees billed for professional services rendered for the audit of Webster’s consolidated annual financial statements and review of the interim consolidated financial statements included in quarterly reports and services that are normally provided by KPMG LLP in connection with statutory and regulatory filings or engagements. Audit Fees also include activities related to internal control reporting under Section 404 of the Sarbanes-Oxley Act.

 

(2)

Audit Related Fees consist of fees billed for assurance and related services that are reasonably related to the performance of the audit or review of Webster’s consolidated financial statements and are not reported under “Audit Fees.” This category includes fees related to financial statement audits of certain employee benefit plans.

 

(3)

Tax Fees consist of fees billed for professional services rendered for tax compliance, tax advice and tax planning. These services include mergers and acquisitions tax compliance.

 

46


(4)

Other Fees consist of fees for products and services other than for services for which fees were reported as Audit Fees, Audit-Related Fees and Tax Fees. These services include assistance related to regulatory cash reserve requirements.

This excerpt taken from the WBS DEF 14A filed Mar 9, 2007.
Auditor Fee Information
 
The following table presents fees for professional audit services rendered by KPMG LLP for the audit of the Corporation’s annual financial statements for the years ended December 31, 2006 and December 31, 2005 and fees billed for other services rendered by KPMG LLP during those periods.
 
                 
   
Fiscal 2006
   
Fiscal 2005
 
 
Audit Fees (1)
  $ 1,302,750     $ 1,345,000  
Audit Related Fees (2)
    167,725       118,500  
Tax Fees (3)
          36,200  
All Other Fees (4)
    25,027        
                 
Total
  $ 1,495,502     $ 1,499,700  
(1)  Audit Fees consist of fees billed for professional services rendered for the audit of Webster’s consolidated annual financial statements and review of the interim consolidated financial statements included in quarterly reports and services that are normally provided by KPMG LLP in connection with statutory and regulatory filings or engagements. Audit Fees also include activities related to internal control reporting under Section 404 of the Sarbanes-Oxley Act.
 
(2)  Audit Related Fees consist of fees billed for assurance and related services that are reasonably related to the performance of the audit or review of Webster’s consolidated financial statements and are not reported under “Audit Fees.” This category includes fees related to financial statement audits of certain employee benefit plans and subsidiaries.
 
(3)  Tax Fees consist of fees billed for professional services rendered for tax compliance, tax advice and tax planning. These services include mergers and acquisitions tax compliance.
 
(4)  Other Fees consist of fees for products and services other than for services for which fees were reported as Audit Fees, Audit-Related Fees and Tax Fees. These services include assistance related to regulatory cash reserve requirements.
 

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