Western Union 2015 Annual Report Download - page 86

NOTICE OF 2016 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
68 | The Western Union Company
PROPOSAL 3
RATIFICATION OF SELECTION OF AUDITORS
The Board of Directors and the Audit Committee believe it
is in the best interest of the Company and its stockholders
to recommend to the stockholders the ratification of the
selection of Ernst & Young LLP, independent registered public
accounting firm, to audit the accounts of the Company and
its subsidiaries for 2016. Ernst & Young LLP has served as
the Company’s independent registered public accounting
firm since the Company became a public company in 2006.
Consistent with the regulations adopted pursuant to the
Sarbanes-Oxley Act of 2002, the lead audit partner having
primary responsibility for the audit and the concurring audit
partner are rotated every five years.
A representative of Ernst & Young LLP will be present at
the Annual Meeting, will have the opportunity to make a
statement, and will be available to respond to appropriate
questions.
SUMMARY OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM’S FEES
FOR 2015 AND 2014
Fees for professional services provided by our independent auditors, Ernst & Young LLP, for fiscal years 2015 and 2014,
respectively, included the following (in millions):
2015 2014
Audit Fees(1) $5.7 $5.6
Audit-Related Fees(2) $0.5 $0.4
Tax Fees(3) $0.6 $0.7
(1) “Audit Fees” primarily include fees related to (i) the integrated audit of the Company’s annual consolidated financial statements and internal
controls over financial reporting; (ii) the review of its quarterly consolidated financial statements; (iii) statutory audits required domestically
and internationally; (iv) comfort letters, consents and assistance with and review of documents filed with the SEC; and (v) other accounting
and financial reporting consultation and research work billed as audit fees or necessary to comply with the standards of the Public Company
Accounting Oversight Board (United States).
(2) “Audit-Related Fees” primarily include fees, not included in “Audit Fees” above, related to (i) service auditor examinations; (ii) due diligence
related to mergers and acquisitions; (iii) attest services that are not required by statute or regulation; and (iv) consultation concerning financial
accounting and reporting standards that are not classified as “Audit Fees.”
(3) “Tax Fees,” which incorporate both tax advice and tax planning services, primarily include fees related to (i) consultations, analysis and
assistance with domestic and foreign tax matters, including value-added and goods and services taxes; (ii) local tax authority audits; and
(iii) other miscellaneous tax consultations, including tax services requested as part of the Company’s procedures for commercial agreements,
the acquisition of new entities, and other potential business transactions.
During 2015 and 2014, all audit and non-audit services
provided by the independent registered public accounting firm
were pre-approved, consistent with the pre-approval policy
of the Audit Committee. The pre-approval policy requires that
all services provided by the independent registered public
accounting firm be pre-approved by the Audit Committee or
one or more members of the Audit Committee designated by
the Audit Committee.