filings.toolsItem 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
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Item 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
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Audit Fees
In connection with the audit of the 2017 financial statements, we entered into an agreement with Deloitte & Touche LLP which sets forth the terms by which Deloitte & Touche LLP would perform audit services for the Company.
The following tables sets forth the aggregate fees for professional services provided by Deloitte & Touche LLP for the audit of our financial statements for the fiscal years ended December 31, 2017 and 2016 and fees billed for other services rendered by Deloitte & Touche LLP for those periods, all of which were approved by the Audit Committee.
| For the Years Ended December 31, (in thousands) | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2017 | 2016 | |||||||
| Fees: | ||||||||
| Audit fees | $ | 2,952 | $ | 3,019 | ||||
| Audit Related fees(1) | 773 | 75 | ||||||
| Tax fees(2) | 298 | 344 | ||||||
| All other fees(3) | 298 | - | ||||||
| Total | $ | 4,321 | $ | 3,438 |
| (1) | Audit related fees include fees related to the Company’s public offerings, Sarbanes-Oxley readiness and a license for an accounting research tool. |
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| (2) | Tax fees include fees for income tax compliance and transfer pricing services. |
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| (3) | All other fees include fees related to professional services rendered in connection with the Company’s issuance of deferred stock units during 2017. |
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The Audit Committee of the Board considered whether providing the non-audit services included in this table was compatible with maintaining Deloitte & Touche LLP’s independence and concluded that it was.
Consistent with SEC policies regarding auditor independence and our Audit Committee’s charter, the Audit Committee has responsibility for engaging, setting compensation for and reviewing the performance of the independent registered public accounting firm. In exercising this responsibility, the Audit Committee has established procedures relating to the approval of all audit and non-audit services that are to be performed by our independent registered public accounting firm and pre-approves all audit and permitted non-audit services provided by any independent registered public accounting firm prior to each engagement.
PART IV
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