First Data 2009 Annual Report Download - page 218

Summary of Principal Accountant’s Fees for 2009 and 2008
Audit Fees. Ernst & Young LLP’s fees for the Company’s annual audit were $8.8 million in 2009 and $11.5
million in 2008. Audit fees primarily include fees related to the audit of the Company’s annual consolidated
financial statements; the review of its quarterly consolidated financial statements; statutory audits required
domestically and internationally; comfort letters, consents, and assistance with and review of documents filed
with the SEC; offering memorandum, purchase accounting and 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).
Audit-Related Fees. Ernst & Young LLP’s fees for audit-related services that are reasonably related to the
performance of the audit or review of the Company’s consolidated financial statements were $2.4 million in 2009
and $3.1 million in 2008. Audit-related fees primarily include fees related to service auditor examinations, due
diligence related to mergers and acquisitions, attest services that are not required by statute or regulation and
consultation concerning financial accounting and reporting standards not classified as audit fees.
Tax Fees. Ernst & Young LLP’s fees for tax compliance, tax advice, and tax planning services to the
Company were $2.3 million in 2009 and $3.4 million in 2008.
All Other Fees. The Company did not pay Ernst & Young LLP’s any fees for all other professional services
in 2009 or 2008.
Audit Committee Pre-approval of Service of Independent Registered Public Accounting Firm
The Audit Committee has established a policy to pre-approve all audit and non-audit services provided by
the independent registered public accounting firm. These services may include audit services, audit-related
services, tax services and other services. Pursuant to the policy, the Audit Committee annually reviews and
pre-approves services that may be provided by the independent registered public accounting firm for each audit
year. The pre-approval is detailed as to the particular service or category of services and is subject to a specific
budget. Once pre-approved, the services and pre-approved amounts are monitored against actual charges incurred
and modified if appropriate. The Chairperson of the Committee has the authority to pre-approve such services
between meetings of the Audit Committee and reports such pre-approvals to the Audit Committee at the next
regularly scheduled meeting.
During 2009, all audit and non-audit services provided by Ernst & Young LLP were pre-approved by the
Audit Committee of the Board of Directors or, consistent with the pre-approval policy of the Audit Committee,
by the Chairperson of the Committee.
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