Logitech 2010 Annual Report Download - page 87

77
ENglISH
INDEPENDENT AUDITORS
Under Logitech’s Articles of Incorporation the shareholders elect or re-elect the Company’s independent
auditors each year at the Annual General Meeting.
Logitech’s independent auditors are currently PricewaterhouseCoopers S.A., Lausanne, Switzerland.
PricewaterhouseCoopers S.A. assumed its first audit mandate for Logitech in 1988. They were re-elected by
the shareholders as Logitech’s auditors at the Annual General Meeting in September 2009. For purposes of U.S.
securities law reporting, PricewaterhouseCoopers LLP, San Jose, California, serves as the Company’s independent
registered public accounting firm. Together, PricewaterhouseCoopers S.A. and PricewaterhouseCoopers LLP are
referred to as “PwC.”
As appointed by the Board, the Audit Committee is responsible for supervising the performance of the
Company’s independent auditors, and recommends the election or replacement of the independent auditors to the
Board of Directors.
Representatives of PwC are invited to attend all regular meetings of the Audit Committee. During fiscal year
2010, PwC representatives attended all ten Audit Committee meetings. The Committee met separately four times
with representatives of PwC in closed sessions of Committee meetings.
On a quarterly basis, PwC reports on the findings of their audit and/or review work including their
audit of Logitech’s internal control over financial reporting. These reports include their assessment of
critical accounting policies and practices used, alternative treatments of financial information discussed
with management, and other material written communication between PwC 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 auditors,
subject to shareholder approval. The Audit Committee reviews the annual report provided by PwC as to
its independence.
AUDIT AND NON-AUDIT FEES
In addition to the audit services PwC provides with respect to Logitech’s annual audited consolidated financial
statements and other filings with the Securities and Exchange Commission, PwC has provided non-audit services
to Logitech in the past and may provide them in the future. Non-audit services are services other than those
provided in connection with an audit or a review of Logitech’s financial statements. The Audit Committee of the
Board of Directors determined that the rendering of non-audit services by PwC was compatible with maintaining
their independence.
The following table sets forth the aggregate fees billed to us for the audit and other services provided by PwC
during the fiscal years ended March 31, 2010 and 2009 (in thousands):
2010 2009
Audit fees(1) ................................. $2,795 $2,655
Audit-related fees(2) ........................... 406 109
Tax fees(3) .................................. 617 420
All other fees(4) .............................. 7 8
Total ................................... $3,825 $3,192
(1) Audit fees. This category represent fees for professional services provided in connection with the audit of our
financial statements, the audit of our internal control over financial reporting, and review of our quarterly
financial statements and audit services provided in connection with other statutory or regulatory filings.