EXHIBIT 99.4
For fiscal years ended December 31, 2006 and December 31, 2005, KPMG LLP and its affiliates were paid by Cameco Corporation and its subsidiaries the following fees:
2006 | 2005 | |||||||
Audit fees: | ||||||||
Cameco and Canadian joint ventures | $ | 834,000 | $ | 389,000 | ||||
Cameco — securities | — | 100,000 | ||||||
Centerra and other subsidiaries | 895,200 | 574,800 | ||||||
Centerra — securities | — | — | ||||||
$ | 1,729,200 | $ | 1,063,800 | |||||
Audit — related fees: | ||||||||
Bruce Power Reorganization | $ | — | $ | 70,000 | ||||
SOX 404 Scoping Project | 90,000 | 35,000 | ||||||
Translation services | — | 10,000 | ||||||
Pensions and other | 8,500 | 7,500 | ||||||
Zircatec — Specified Procedures | 50,000 | — | ||||||
$ | 148,500 | $ | 122,500 | |||||
Tax: | ||||||||
Compliance | $ | 167,500 | $ | 160,400 | ||||
Planning and advice | 51,700 | 36,400 | ||||||
$ | 219,200 | $ | 196,800 | |||||
All other fees: | — | — | ||||||
Total | $ | 2,096,900 | $ | 1,383,100 | ||||
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 which 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.