Cincinnati Bell 2007 Annual Report Download - page 43
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INDEPENDENT ACCOUNTANTS
Audit Fees
Deloitte & Touche LLP was the Company’s Independent Accountants for the 2006 and 2007 fiscal years.
Aggregate fees for professional services rendered for the Company by Deloitte & Touche LLP for the years
ended December 31, 2007 and December 31, 2006 were as follows:
2007 2006
Audit Fees .......................................... $1,795,200 $1,616,500
Audit Related Fees ................................... 152,700 322,143
Tax Fees ........................................... — —
All Other Fees ....................................... 536,981 —
Total ............................................ $2,484,881 $1,938,643
Audit Fees
The audit fees for the years ended December 31, 2007 and 2006 were for services rendered in connection
with the audit of the Company’s annual consolidated financial statements, review of consolidated financial
statements included in the Company’s reports filed with the SEC and services related to requirements established
by the Sarbanes-Oxley Act of 2002.
Audit Related Fees
The audit related fees for the years ended December 31, 2007 and 2006 were for professional services
rendered for the audits of the Company’s employee benefit plans filed with the SEC, due diligence services and
various accounting consultations.
Tax Fees
The Company did not pay Deloitte & Touche LLP any tax fees for the years ended December 31, 2007 or
2006.
All Other Fees
All other fees for the year ended December 31, 2007 were for assistance with a small and medium size
business market opportunity assessment.
Engagement of the Independent Accountants 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 Accountants. 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 Accountants.
Pursuant to Section 202 of the Sarbanes-Oxley Act of 2002, the Audit and Finance Committee pre-approved
every engagement of Deloitte & Touche LLP to perform audit or non-audit services on behalf of the Company or
any of its subsidiaries during the years ended December 31, 2007 and 2006.
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Proxy Statement