Big Lots 2007 Annual Report Download - page 67
Download and view the complete annual report
Please find page 67 of the 2007 Big Lots annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
 |
 |
- 53 -
Audit and Non-Audit Services Pre-Approval Policy
The Audit Committee has considered whether the independent registered public accounting firm’s provision of
any non-audit services to Big Lots is compatible with maintaining such firm’s independence. Consistent with the
Audit Committee’s Audit and Non-Audit Services Pre-Approval Policy, all audit and non-audit services rendered
by Deloitte & Touche LLP in fiscal 2007, including the related fees, were pre-approved by the Audit Committee.
Under the policy, the Audit Committee is required to pre-approve all audit and permissible non-audit services
performed by the independent registered public accounting firm to assure that the provision of those services does
not impair the firm’s independence. Pre-approval is detailed as to the particular service or category of service
and is subject to a specific engagement authorization. The Audit Committee requires the independent registered
public accounting firm and management to report on the actual fees incurred for each category of service at Audit
Committee meetings throughout the year.
During the year, it may become necessary to engage the independent registered public accounting firm for
additional services that have not been approved. In those instances, the Audit Committee requires specific pre-
approval before engaging the independent registered public accounting firm. The Audit Committee may delegate
pre-approval authority to one or more of its members for those instances when pre-approval is needed prior to a
scheduled Audit Committee meeting. The member or members to whom pre-approval authority is delegated must
report any pre-approval decisions to the Audit Committee at its next scheduled meeting.
Fees Paid to Independent Registered Public Accounting Firm
The fees billed to us for the professional services rendered by Deloitte & Touche LLP during the two most recently
completed fiscal years were as follows:
($ in thousands)
Fiscal 2007
($)
Fiscal 2006
($)
Audit Fees 1,348 1,437
Audit-Related Fees (1) 27 115
Tax Fees (2) 296 112
All Other Fees (3) 2 —
Total Fees 1,673 1,664
(1) For fiscal 2007, the audit-related fees principally related to accounting consultation. For fiscal 2006, the audit-
related fees principally related to audits of employee benefit plans and accounting consultation.
(2) For fiscal 2007 and fiscal 2006, the tax fees principally related to tax planning, tax consultation and tax
compliance services.
(3) Online subscription fee for technical accounting support.