Sunoco 2014 Annual Report Download - page 151

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ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
The Audit Committee appointed Grant Thornton LLP as our principal accountant to conduct the audit of our financial
statements for the years ended December 31, 2014 and 2013.
The following table presents the aggregate fees billed by Grant Thornton LLP for audit and other professional services
for the years ended December 31, 2014 and 2013:
For the Year Ended December 31,
Type of Fee 2014 2013
(in millions)
Audit Fees (1) $ 1.5 $ 1.0
Audit Related Fees — —
Tax Fees — —
All Other Fees — —
$ 1.5 $ 1.0
(1) Audit fees consist of fees for the audit of the Partnership's annual consolidated financial statements, review of consolidated financial
statements included in the Partnership's quarterly reports on Form 10-Q, review of registration statements, issuance of comfort letters
and consents, and review of documents filed with the SEC. Audit fees also include the fees for the audit of the Partnership's internal
control as required by Section 404 of the Sarbanes-Oxley Act of 2002.
Each of the services listed above were approved by the Audit Committee of the general partner's Board prior to their
performance. All services rendered by Grant Thornton LLP are performed pursuant to a written engagement letter with the
general partner.
The Audit Committee of the general partner's board of directors is responsible for pre-approving all audit services, and
permitted non-audit services, to be performed by the independent registered public accounting firm for the Partnership, or its
general partner. The Committee reviews the services to be performed to determine whether provision of such services
potentially could impair the independence of the Partnership's independent registered public accounting firm. The Committee's
approval procedures include reviewing a detailed budget for each particular service to be rendered, as well as a description of,
and budgeted amounts for, specific categories of anticipated non-audit services. Pre-approval is generally granted for up to one
year. Committee approval is required to exceed the budgeted amount for any particular category of services or to engage the
independent registered public accounting firm for services not included in the budget. Additional services or specific
engagements may be approved, on a case-by-case basis, prior to the independent registered public accounting firm undertaking
such services.
Subject to the requirements of applicable law, the Audit Committee may delegate such pre-approval authority to the Audit
Committee chairman. However, any pre-approvals granted by the chairman, acting pursuant to such delegated authority, are
reviewed by the full membership of the Audit Committee at its next regular meeting. Management of the general partner
provides periodic updates to the Audit Committee regarding the extent of any services provided in accordance with this pre-
approval process, as well as the cumulative fees incurred to date for all non-audit services, to ensure that such services are
within the parameters approved by the Audit Committee.