Any idea why the ATQ audit fees are so much higher than these two ems companies? I wonder what the legal fees are of ATQ--does anyone know if these are also higher than comparables?
IEC Audit Fees
Fees paid to Rotenberg & Co., LLP
The following table shows the fees that were billed by Rotenberg & Co., LLP for professional services rendered in Fiscal 2008 and Fiscal 2007.
Fiscal 2008 Fiscal 2007
Audit Fees $66,500 $66,500
Audit-Related Fees -0- 5,000
Tax Fees 5,000 5,000
All Other Fees 43,588 5,000
Total Rotenberg & Co., LLP Fees $115,088 $81,500
Audit fees primarily represent amounts billed for the audit of our annual consolidated financial statements for such fiscal years and the reviews of the financial statements included in our Form 10-Q quarterly reports for such fiscal years.
Audit-related fees represent consultations concerning internal control documentation and financial accounting and reporting standards.
Tax fees consist of professional services rendered by Rotenberg & Co., LLP primarily in connection with IEC’s tax compliance activities and the preparation of federal and state income tax returns.
All other fees in Fiscal 2007 are for audit services related to our 401(k) plan. All other fees in Fiscal 2008 are for audit services related to our 401(k) plan ($6,500) and for audit and accounting ($37,088) services related to the Company's acquisition of Val-U-Tech Corp. in Fiscal 2008.
SGMA
FISCAL YEARS 2009 AND 2008 AUDIT FIRM FEE SUMMARY
During fiscal years 2009 and 2008, the Company retained as its auditor, BDO Seidman, LLP, to provide services as defined below. The following amounts were charged by BDO Seidman, LLP for services provided in fiscal years 2009 and 2008.
| | | | | | | | | |
| | | 2009 | | | 2008 | |
| | | BDO | | | BDO | |
| | | Seidman, | | | Seidman, | |
| | | LLP | | | LLP | |
| | | | | | | | | |
| Audit Fees(a) | | $ | 187,940 | | | $ | 186,950 | |
| Audit-Related Fees(b) | | | 10,000 | | | | 8,000 | |
| Tax Fees(c) | | | 53,100 | | | | 57,590 | |
(a) Fees for audit services billed in 2009 and 2008 consisted of:
| | | |
| | • | Audit of the Company’s annual financial statements and quarterly financial statements |
| | | |
| | • | Statutory and regulatory audits, consents and other services related to Securities and Exchange Commission matters |
| | | |
| | (b) | Fees for audit-related services consisted of services for reviews of the Company’s Employee 401(k) Retirement Plan. |
| | | |
| | (c) | Fees for tax services billed in 2009 and 2008 consisted of tax compliance and tax planning and advice. Tax compliance services consisted of: |
| | | |
| | • | Federal, state and local income tax return preparation |
| | | |
| | • | Assistance with tax return filings and compliance in certain foreign jurisdictions |
| | | |
| | • | Assistance with tax audits and amended tax returns |
| | | |
| | (d) | As described in the Audit Committee Charter, it is the Audit Committee’s policy and procedure to review and consider and ultimately pre-approve, where appropriate, all audit and non-audit engagement services to be performed by the independent public auditors. |