Rayovac 2008 Annual Report Download - page 125

Table of Contents
Index to Financial Statements
ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES
The following table summarizes the fees KPMG LLP, our independent registered public accounting firm, billed to us for each of the last two fiscal years
(in millions):
Audit
Fees Audit-Related Fees
Tax
Fees All Other Fees
2008 $ 4.9 $ 0.8 $ — $ —
2007 $ 4.9 $ 1.1 $ — $ —
In the above table, in accordance with the SEC’s definitions and rules, “Audit Fees” are fees we paid KPMG LLP for professional services for the audit of
our consolidated financial statements included in our Form 10-K and the review of our financial statements included in Form 10-Qs or services that are normally
provided by the accountant in connection with statutory and regulatory filings or engagements, such as statutory audits required for certain of our foreign
subsidiaries. “Audit-Related Fees” are fees for assurance and related services that are reasonably related to the performance of the audit or review of our financial
statements. During both Fiscal 2008 and 2007, such amounts primarily related to the carve out audits of various businesses. “Tax Fees” are fees for tax
compliance, tax advice and tax planning, and for both Fiscal 2008 and Fiscal 2007 such fees were attributable to services for tax-compliance assistance and tax
advice. “All Other Fees” are fees, if any, for any services not included in the first three categories.
Pre-Approval of Independent Auditor Services and Fees
The Audit Committee pre-approved the Fiscal 2008 audit services engagement performed by KPMG LLP. In accordance with the Audit Committee’s
Pre-Approval Policy, the Audit Committee has pre-approved other specified audit, non-audit, tax and other services, provided that the fees incurred by KPMG
LLP in connection with any individual non-due diligence engagement do not exceed $200,000 in any 12-month period. The Audit Committee must approve on
an engagement by engagement basis any individual non-due diligence engagement in excess of $200,000 in any 12-month period or any individual engagement
to perform due diligence services pertaining to potential business acquisitions/dispositions and other transactions and events in excess of $1,000,000 in any
12-month period. The Audit Committee has delegated to its Chairman the authority to pre-approve any other specific audit or specific non-audit service which
was not previously pre-approved by the Audit Committee, provided that any decision of the Chairman to pre-approve other audit or non-audit services shall be
presented to the Audit Committee at its next scheduled meeting.
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Source: Spectrum Brands, Inc, 10-K, December 10, 2008