EXHIBIT 99. 4
For fiscal years ended December 31, 2005 and December 31, 2004, KPMG LLP and its affiliates were paid by Cameco Corporation and its subsidiaries the following fees:
2005 | 2004 | |||||||
Audit fees: | ||||||||
Cameco — audit | $ | 389,000 | $ | 386,000 | ||||
Cameco — securities | 100,000 | — | ||||||
Centerra — audit | 574,800 | 400,500 | ||||||
Centerra — securities | — | 275,000 | ||||||
$ | 1,063,800 | $ | 1,061,500 | |||||
Audit — related fees: | ||||||||
Bruce Power Reorganization | $ | 70,000 | — | |||||
SOX 404 Scoping Project | 35,000 | $ | 75,000 | |||||
Translation services | 10,000 | 9,000 | ||||||
Accounting disclosure | — | 14,000 | ||||||
Pensions and other | 7,500 | 10,700 | ||||||
$ | 122,500 | $ | 108,700 | |||||
Tax: | ||||||||
Compliance | $ | 160,400 | $ | 83,800 | ||||
Planning and advice | 36,400 | 55,400 | ||||||
$ | 196,800 | $ | 139,200 | |||||
All other fees: | ||||||||
— | — | |||||||
Total | $ | 1,383,100 | $ | 1,309,400 | ||||
Pre-Approval Policies and Procedures
As part of Cameco’s corporate governance practices, under Cameco’s audit committee charter, the audit committee is required to pre-approve the audit and non-audit services performed by the external auditors. Unless a type of service is to be provided by the external auditors receives general pre-approval, it requires specific pre-approval by Cameco’s audit committee or audit committee chair, or in the absence of the audit committee chair, a member of the audit committee as designated by the audit committee. 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.