filings.toolsItem 14. Principle Accounting Fees and Services
3K characters. Original on sec.gov ·
Item 14. Principle Accounting Fees and Services
| --- | --- | --- |
Principal Accounting Fees and Services
The following table presents fees billed for professional audit services and other services rendered to Fortinet by Deloitte & Touche LLP for the years ended December 31, 2017 and December 31, 2016.
| 2017 | 2016 | |||||||
|---|---|---|---|---|---|---|---|---|
| Audit Fees (1) | $ | 3,043,457 | $ | 3,087,330 | ||||
| Audit-Related Fees (2) | 58,500 | 644,903 | ||||||
| Tax Fees (3) | 448,699 | 533,392 | ||||||
| All Other Fees (4) | 1,895 | 2,000 | ||||||
| Total | $ | 3,552,551 | $ | 4,267,625 |
| (1) | Audit Fees consist of fees for professional services provided in connection with the audit of our annual consolidated financial statements, audit of our internal control over financial reporting, the review of our quarterly consolidated financial statements and audit services that are normally provided by the independent registered public accounting firm in connection with statutory and regulatory filings for those fiscal years. |
|---|
| (2) | Audit-Related Fees consist of fees for assurance and related services that are reasonably related to the performance of the audit or review of our consolidated financial statements and which are not reported under Audit Fees above. Audit-Related Fees were related to internal control reviews pertaining to our implementation of an enterprise resource planning system in 2016 and a new revenue recognition system in 2017. |
|---|
| (3) | Tax Fees consist of fees for services related to federal and state income tax compliance, transfer pricing review, reports related to research and development credits and domestic production activities. In 2016, Tax Fees also included fees related to an earnings and profit study. In 2017, Tax Fees also included consulting fees related to country-by-country reporting and tax reform. |
|---|
| (4) | All Other Fees consist of products and services provided by Deloitte & Touche LLP that are not included in the service categories reported above. |
|---|
Approval of Audit and Non-Audit Services
Pursuant to its charter, the Audit Committee is required to (i) review and approve, in advance, the scope and plans for all audits and audit fees and (ii) approve, in advance, all non-audit services to be performed by our independent auditor that are not otherwise prohibited by law and any associated fees.
All Deloitte & Touche LLP services and fees in fiscal 2017 and fiscal 2016 were approved by the Audit Committee.
| 32 |
|---|
Part IV
Previous: Item 13. Certain Relationships and Related Transactions, and Director Independence · Next: Item 15. Exhibits, Financial Statement Schedules