Kodak 2003 Annual Report Download - page 128

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Proxy Statement
128
A list of the SEC’s prohibited non-audit services is attached to the end of this policy as Attachment 1. The SEC’s rules and relevant guidance should be
consulted to determine the precise definitions of these services and the applicability of exceptions to certain of the prohibitions.
VI. PRE-APPROVAL BUDGETED AMOUNTS
Pre-approval budgeted amounts for all services to be provided by the independent auditor shall be reviewed and approved annually by the Audit
Committee. Any proposed services exceeding these levels or amounts shall require specific pre-approval by the Audit Committee. On a quarterly basis,
the Audit Committee will be provided with updates regarding actual projects and fees by category in comparison to the pre-approved budget.
VII. PROCEDURES
All requests or applications from the independent auditor to provide services that do not require specific approval by the Audit Committee shall be sub-
mitted to the Corporate Controller and must include a detailed description of the services to be rendered. The Corporate Controller will determine
whether such services are included within the list of services that have received the general pre-approval of the Audit Committee.
Requests or applications to provide services that require specific approval by the Audit Committee shall be submitted to the Audit Committee for
approval by the Corporate Controller.
VIII. DELEGATION
The Committee Chair is authorized to pre-approve specific engagements or changes to engagements when it is not practical to bring the matter before
the Committee as a whole.
Attachment 1
Prohibited Non-Audit Services
• Bookkeeping or other services related to the accounting records or financial statements of the audit client
• Financial information systems design and implementation
• Appraisal or valuation services, fairness opinions or contribution-in-kind reports
• Actuarial services
• Internal audit outsourcing services
• Management functions
• Human resources
• Broker-dealer, investment adviser or investment banking services
• Legal services
• Expert services unrelated to the audit