Cincinnati Bell 2004 Annual Report Download - page 31

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INDEPENDENT AUDITOR
On March 21, 2005, the Audit and Finance Committee dismissed PricewaterhouseCoopers LLP as the
Company’s independent accountants and engaged Deloitte & Touche LLP as the Company’s independent
accountants for the fiscal year ending December 31, 2005.
AUDIT FEES
PricewaterhouseCoopers LLP was the Company’s principal outside auditor for the fiscal years 2004 and
2003. Aggregate fees for professional services rendered for the Company by PricewaterhouseCoopers LLP for
the years ended December 31, 2004 and 2003, were as follows:
2004 2003
Audit Fees ............................................ $2,852,420 $1,589,365
Audit Related Fees ................................... 141,014 257,732
Tax Fees .............................................. 48,485 81,716
All Other Fees ........................................ — —
Total ............................................... $3,041,919 $1,928,813
Audit Fees
The Audit Fees for the years ended December 31, 2004 and 2003, respectively, were for services
rendered in connection with the audit of the Company’s annual consolidated financial statements and review
of consolidated financial statements included in the Company’s quarterly reports filed with the SEC. In
addition, in 2004, audit fees included services related to requirements established by the Sarbanes-Oxley Act
of 2002. In 2003, PricewaterhouseCoopers LLP also provided assistance with and review of documents filed
with the SEC and services in connection with the issuance of comfort letters and consents.
Audit Related Fees
The Audit Related Fees for the years ended December 31, 2004 and 2003, respectively, were for
professional services rendered for the audits of the Company’s employee benefit plans, for audit services
required by the Company’s creditors and various accounting consultations.
Tax Fees
Tax Fees for the years ended December 31, 2004 and 2003, respectively, were for consulting services
related to the implications of changes in federal and state tax laws and other compliance issues.
All Other Fees
None.
Engagement of the Independent Auditor and Pre-approval Policy
In accordance with its charter, the Audit and Finance Committee has the sole authority and responsibility
to select, evaluate, and, if necessary, replace the independent auditor. The Audit and Finance Committee has
the sole authority to approve all audit engagement fees and terms. In addition, the Audit and Finance
Committee, or the Chairperson of the Audit and Finance Committee between regularly scheduled meetings,
must pre-approve all services provided to the Company by the Company’s independent auditor.
Pursuant to Section 202 of the Sarbanes-Oxley Act of 2002, the Audit and Finance Committee pre-
approved every engagement of PricewaterhouseCoopers LLP to perform audit or non-audit services on behalf
of the Company or any of its subsidiaries since May 6, 2003.
19
Proxy Statement