filings.toolsItem 14. Principal Accountant Fees and Services
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Item 14. Principal Accountant Fees and Services
A summary of fees paid to our independent registered public accounting firm, PricewaterhouseCoopers LLP (“PwC”), for fiscal years 2019 and 2020 is set forth below:
| PwC Fees for 2019 and 2020 | ||||||||||||||||||||
| 2020 | 2019 | |||||||||||||||||||
| Audit(a) | $ | 5,516,000 | $ | 6,160,000 | ||||||||||||||||
| Audit-related(b) | — | 210,000 | ||||||||||||||||||
| Tax(c) | 77,000 | 370,000 | ||||||||||||||||||
| All other fees(d) | 1,000 | — | ||||||||||||||||||
| TOTAL | $ | 5,594,000 | $ | 6,740,000 | ||||||||||||||||
| (a) | Fees were for audits and interim reviews, including for subsidiaries of the Company, as well as the preparation of comfort letters, consents, and assistance with and review of documents filed with the SEC. | |||||||||||||||||||
| (b) | These amounts related to the audits of employee benefit plans and other audit-related items. | |||||||||||||||||||
| (c) | These amounts related to professional services rendered for preparation of annual K-1 statements for Chesapeake Granite Wash Trust unitholders and tax consulting services. | |||||||||||||||||||
| (d) | These amounts related to services rendered for software licenses. |
The Audit Committee is directly responsible for the appointment, compensation, retention and oversight of the work of the independent auditor for the purpose of preparing or issuing audit reports or performing other services for the Company. The independent auditor reports directly to the Audit Committee. The Audit Committee pre-approves audit and non-audit services provided by the Company’s independent registered public accounting firm. In addition to separately approved services, the Audit Committee’s pre-approval policy provides for pre-approval of specifically described audit and non-audit services and related fee levels on an annual basis. The policy authorizes the Audit Committee to delegate to one or more of its members pre-approval authority with respect to permitted services. The Audit Committee reviews the services performed pursuant to its pre-approval policy at its next scheduled quarterly meeting.
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