Neiman Marcus 2005 Annual Report Download - page 73

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ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
The Audit Committee has adopted policies and procedures for pre-approving all audit and permissible non-audit services
performed by Deloitte & Touche LLP. Under these policies, the Audit Committee pre-approves the use of audit and audit-related services
following approval of the independent registered public accounting firm's audit plan. All services detailed in the audit plan are considered
pre-approved. If, during the course of the audit, the independent registered public accounting firm expects fees to exceed the approved fee
estimate between 10 percent and 15 percent, those fees must be pre-approved in advance by the Audit Committee Chairman. If fees are
expected to exceed the approved estimate by more than 15 percent, those fees must be approved in advance by the Audit Committee.
Other non-audit services of less than $50,000 that are not restricted services may be pre-approved by both the chief financial
officer and the controller, provided those services will not impair the independence of the independent auditor. These services will be
considered approved by the Audit Committee, provided those projects are discussed with the Audit Committee at its next scheduled
meeting. Services between $50,000 and $100,000 in estimated fees must be pre-approved by the Chairman of the Audit Committee,
acting on behalf of the entire Audit Committee. Services of greater than $100,000 in estimated fees must be pre-approved by the Audit
Committee. All fee overruns will be discussed with the Audit Committee at the next scheduled meeting.
Principal Accounting Fees and Services
For the fiscal years ended July 29, 2006 and July 30, 2005, professional services were performed by Deloitte & Touche LLP, the
member firms of Deloitte Touche Tohmatsu, and their respective affiliates, which includes Deloitte consulting (collectively, "Deloitte &
Touche").
Audit Fees. The aggregate fees billed for the audits of the Company's annual financial statements for the fiscal years ended
July 29, 2006 and July 30, 2005 and for the reviews of the financial statements included in our Quarterly Reports on Form 10-Q were
$1,957,000 and $1,346,000, respectively.
Audit-Related Fees. The aggregate fees billed for audit-related services for the fiscal years ended July 29, 2006 and July 30,
2005 were $1,008,000 and $534,000, respectively. These fees related to accounting research and consultation and attestation services for
certain subsidiary companies for the fiscal years ended July 29, 2006 and July 30, 2005.
Tax Fees. The aggregate fees billed for tax services for the fiscal years ended July 29, 2006 and July 30, 2005 were $83,000
and $47,000, respectively. These fees related to tax compliance and planning for the fiscal years ended July 29, 2006 and July 30, 2005.
The Audit Committee has considered and concluded that the provision of permissible non-audit services is compatible with
maintaining Deloitte & Touche's independence.
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