EX-99.4 5 d888784dex994.htm EX-99.4 EX-99.4

 

EXHIBIT 99.4

 

For fiscal years ended December 31, 2019 and December 31, 2018, KPMG LLP and its affiliates billed Cameco Corporation and its subsidiaries the following fees:

 

 

 

2019

($)

 % of
total fees

 

2018

($)

 % of
total fees
Audit fees        
Cameco1 1,968,900 78.9 2,033,100 68.5
Subsidiaries2 221,800 8.9 709,800 23.9
Total audit fees 2,190,700 87.8 2,742,900 92.4
Audit-related fees        
Pensions 27,300 1.1 27,300 0.9
Total audit-related fees 27,300 1.1 27,300 0.9
Tax fees        
Compliance 37,900 1.5 94,800 3.2
Planning and advice3 200,800 8.1 102,300 3.5
Total tax fees 238,700 9.6 197,100 6.7
All other fees        
Other non-audit fees4 38,300 1.5 - 0.0
Total other non-audit fees 38,300 1.5 - 0.0
Total fees 2,495,000 100.0 2,967,300 100.0

1 Includes amounts billed for the audit of Cameco’s annual consolidated financial statements and the review of interim    financial statements.

2 Includes amounts billed for the audit of Cameco’s subsidiary financial statements.

3 Includes amounts billed for transfer pricing advisory.

4 Includes amounts billed in 2019 related to Cameco’s I-4 Membership.

 

 

Pre-Approval Policies and Procedures

As part of Cameco Corporation’s corporate governance practices, under its 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, 2019 and 2018, 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.