SkyWest Airlines 2008 Annual Report Download - page 139

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Has the Audit and Finance Committee made a recommendation regarding the audited financial
statements for the year ended December 31, 2008?
Based upon its review and the discussions with management and the Company’s independent
registered public accounting firm, the Audit and Finance Committee recommended to the Board that
the audited consolidated financial statements for the Company be included in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2008.
Does the Audit and Finance Committee provide a periodic report of its activities to the Board?
The Audit and Finance Committee provides reports of its activities at each regularly-scheduled
Board meeting.
Has the Audit and Finance Committee reviewed the fees paid to the Company’s independent registered
public accounting firm during the year ended December 31, 2008?
The Audit and Finance Committee has reviewed and discussed the fees paid to E&Y during the
year ended December 31, 2008 for audit, audit-related, tax and other services, which are set forth
below under ‘‘Fees Paid to Independent Registered Public Accounting Firm.’’ Because the Company
did not pay to E&Y any fees for non-audit services during the years ended December 31, 2008, the
Audit and Finance Committee was not required to assess whether E&Y’s delivery of non-audit services
is compatible with E&Y’s independence.
What is the Company’s policy regarding the retention of the Company’s independent registered public
accounting firm?
The Audit and Finance Committee has adopted a policy regarding the retention of the
independent registered public accounting firm that requires pre-approval of all services by the Audit
and Finance Committee or the Chair of the Audit and Finance Committee. When services are
pre-approved by the Chair of the Audit and Finance Committee, notice of such approvals is given to
the other members of the Audit and Finance Committee and presented to the full Audit and Finance
Committee at its next scheduled meeting.
FEES PAID TO INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Audit Fees
During the years ended December 31, 2008 and 2007, the Company paid E&Y fees in the
aggregate amount of $689,000 and $615,000, respectively, for the annual audit of the Company’s
financial statements, the quarterly reviews of the Company’s financial statements included in its
Quarterly Reports on Form 10-Q, audits of the closing balance sheets of certain businesses acquired,
and the review of the Company’s registration statements.
Audit-Related Fees
During the years ended December 31, 2008 and 2007, the Company paid E&Y fees in the
aggregate amount of $0 and $7,000, respectively, for audit-related services. The amount paid in 2007
related to E&Y’s consent on their audit report on the financial statements of certain of the Company’s
employee benefit plans.
Tax Fees
During the years ended December 31, 2008 and 2007, the Company did not pay fees to E&Y for
tax services.
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