Logitech 2007 Annual Report Download - page 49

The following table presents the aggregate fees for professional audit services and other services rendered
by PwC to Logitech in fiscal years 2007 and 2006 (in thousands):
2007 2006
Audit fees(1) ................................................ $3,348 $1,364
Audit-related fees(2) .......................................... 55 219
Tax fees(3) ................................................. 373 425
All other fees(4) ............................................. 41 54
Total ................................................. $3,817 $2,062
(1) Audit fees represent those fees incurred for the indicated fiscal year, regardless of when they were paid.
Audit fees include group and statutory audit fees as well as the reviews of Logitech’s quarterly reports on
Form 6-K.
(2) Audit-related fees represent consultation on various accounting issues.
(3) Tax fees represent those fees incurred for tax compliance, assistance with tax audits, tax advice and tax
planning.
(4) All other fees represent services provided to Logitech for expatriate services.
8.4 Supervisory and Control Instruments
As appointed by the Board, the Audit Committee is responsible for supervising the performance of the
Company’s Independent Registered Public Accounting Firm, and recommends the appointment or replacement
of the Independent Auditors to the Board of Directors.
The Company’s Independent Registered Public Accounting Firm is invited to attend all regular meetings of
the Audit Committee. During fiscal year 2007, representatives from the Independent Registered Public
Accounting Firm attended eight of the nine Audit Committee meetings. The Committee twice met separately
with representatives of the Independent Registered Public Accounting Firm in closed sessions of Committee
meetings.
On a quarterly basis, PwC reports on the findings of its audit and/or review work including, beginning in fiscal
year 2007, their audit of Logitech’s internal controls over financial reporting. These reports include the Independent
Registered Public Accounting Firm’s assessment of critical accounting policies and practices used, alternative
treatments of financial information discussed with management, and other material written communication between
the Independent Registered Public Accounting Firm and management. At each quarterly Board meeting the Audit
Committee reports to the full Board on the substance of the Committee meetings during the quarter. On an annual
basis, the Audit Committee approves PwC’s audit plan and evaluates the performance of PwC and its senior
representatives in fulfilling its responsibilities. Moreover, the Audit Committee recommends to the Board the
appointment or replacement of the Independent Registered Public Accounting Firm, subject to shareholder approval.
The Audit Committee reviews the annual report provided by PwC as to its independence.
Refer to section 3.5 for additional information on the roles and responsibilities of the Audit Committee.
Pre-approval procedures and policies
The Company’s Audit Committee pre-approves all audit and non-audit services provided by its Independent
Registered Public Accounting Firm. This pre-approval must occur before the auditor is engaged. Services
provided by the Company’s Independent Registered Public Accounting Firm (other than those required to be
provided by law) can be approved no more than 6 months in advance of the services being performed. Services
that last longer than a year must be re-approved by the Audit Committee.
Logitech’s Audit Committee can delegate the pre-approval ability to a single independent member of the
Audit Committee. The delegate must communicate all services approved at the next scheduled Audit Committee
meeting. The Audit Committee or its delegate can pre-approve types of services to be performed by the
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