EX-99.4 5 o54391exv99w4.htm PRINCIPAL ACCOUNTANT FEES AND SERVICES ex-99.4
EXHIBIT 99.4
         
For fiscal years ended December 31, 2008 and December 31, 2007, KPMG LLP and its affiliates were paid by Cameco Corporation and its subsidiaries the following fees:
                                 
                             
    2008     % of Total     2007     % of Total  
    (Cdn $)     Fees     (Cdn $)     Fees  
Audit Fees:
                                
Cameco
   $ 1,062,500       34.1 %   $ 890,000       44.9 %
Centerra and other subsidiaries
     1,197,276       38.5 %     661,400       33.4 %
 
                        
Total Audit Fees
   $ 2,259,776       72.6 %   $ 1,551,400       78.3 %
Audit-Related Fees:
                                
Sarbanes-Oxley 404 scoping project
     —       —     $ 41,500       2.1 %
Translation services
   $ 170,000       5.5 %     —       —  
Cameco consulting
     98,200       3.1 %     31,500       1.5 %
Centerra consulting
     —       —       153,900       7.8 %
Pensions
     15,000       0.5 %     13,000       0.7 %
Potential financing & convertible debentures
     326,260       10.5 %     —       —  
 
                        
Total Audit-Related Fees
   $ 609,460       19.6 %   $ 239,900       12.1 %
Tax Fees:
                                
Compliance
   $ 121,500       3.9 %   $ 130,400       6.6 %
Planning and advice
     122,300       3.9 %     58,800       3.0 %
 
                        
Total Tax Fees
   $ 243,800       7.8 %   $ 189,200       9.6 %
All Other Fees:
     —       —       —       —  
 
                        
Total Fees
   $ 3,113,036       100 %   $ 1,980,500       100 %
 
                        
Pre-Approval Policies and Procedures
As part of Cameco Corporation’s corporate governance practices, under its audit committee charter, the audit committee is required to pre-approve the audit and non-audit services performed by the external auditors. The audit committee pre-approves the audit and non-audit services up to a maximum specified level of fees. If fees relating to audit and non-audit services are expected to exceed this level or if a type of audit or non-audit service is to be performed that previously has not been pre-approved, then separate pre-approval by Cameco Corporation’s audit committee or audit committee chair, or in the absence of the audit committee chair, the chair of the board, is required. All pre-approvals granted pursuant to the delegated authority must be presented by the member(s) who granted the pre-approvals to the full audit committee at its next meeting. The audit committee has adopted a written policy to provide procedures to implement the foregoing principles. For each of the years ended December 31, 2008 and 2007, none of Cameco Corporation’s Audit-Related Fees, Tax Fees or All Other Fees made use of the de minimis exception to pre-approval provisions contained in paragraph (c)(7)(i) of Rule 2-01 of Regulation S-X promulgated by the U.S. Securities and Exchange Commission.