FairPoint Communications 2010 Annual Report Download - page 160
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Table of Contents
(3) Tax Fees consist of fees for professional services for tax consulting and compliance as well as reviews of our 2009 and 2010 restructuring costs for tax
purposes.
Audit Committee Pre-Approval Policy
In accordance with our audit committee pre-approval policy, all audit and non-audit services performed for us by our independent accountants were pre-
approved by our audit committee.
Our audit committee’s pre-approval policy provides that our independent registered public accounting firm shall not provide services that have the potential
to impair or appear to impair the independence of the audit role. The pre-approval policy requires our independent registered public accounting firm to provide
an annual engagement letter to our audit committee outlining the scope of the audit services proposed to be performed during the fiscal year. Upon the audit
committee’s acceptance of and agreement with such engagement letter, the services within the scope of the proposed audit services shall be deemed pre-approved
pursuant to the policy.
The pre-approval policy provides for categorical pre-approval of specified audit and permissible non-audit services and requires the specific pre-approval
by the audit committee, prior to engagement, of such services, other than audit services covered by the annual engagement letter. In addition, services to be
provided by our independent registered public accounting firm that are not within the category of pre-approved services must be approved by the audit
committee prior to engagement, regardless of the service being requested or the dollar amount involved.
Requests or applications for services that require specific separate approval by the audit committee are required to be submitted to the audit committee by
both management and the independent registered public accounting firm, and must include a detailed description of the services to be provided and a joint
statement confirming that the provision of the proposed services does not impair the independence of the independent registered public accounting firm.
The audit committee may delegate pre-approval authority to one or more of its members. The member or members to whom such authority is delegated shall
report any pre-approval decisions to the audit committee at its next scheduled meeting. The audit committee is prohibited from delegating to management its
responsibilities to pre-approve services to be performed by our independent registered public accounting firm.
The financial statements filed as part of this Annual Report are listed in the index to the financial statements under “Item 8. Financial Statements and
Supplementary Data” in this Annual Report, which index to the financial statements is incorporated herein by reference.
The exhibits filed as part of this Annual Report are listed in the index to exhibits immediately preceding such exhibits, which index to exhibits is
incorporated herein by reference.
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