Audit Fee

(redirected from Auditors Remuneration)

Audit Fee

A fee a company pays an external auditor in exchange for performing an audit. Because the Sarbanes-Oxley Act made audits more complex, audit fees have increased significantly in the United States since 2001.
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The proposal to approve the appointment of PricewaterhouseCoopers as the independent auditors of the company and to authorize the Audit Committee to set the auditors remuneration received approximately 98 percent of the votes cast in favor.
Shareholders also voted to ratify and approve the appointment of Ernst & Young LLP to serve as the Company's independent auditors for the fiscal year ending November 30, 2011 and authorize the Company's Audit and Ethics Committee to set the independent auditors remuneration.
Reaffirmed the reappointment of Deloitte & Touche as auditors until the close of the next Annual General Meeting of Shareholders and authorized the Audit Committee on behalf of the Board of Directors to fix the auditors remuneration.
Shareholders also voted to ratify and approve the appointment of Ernst & Young LLP to serve as the Company's independent auditors for the fiscal year ending November 30, 2010 and authorize the Company's Audit and Ethics Committee to set the independent auditors remuneration.