EXHIBIT 99.4
For fiscal years ended December 31, 2007 and December 31, 2006, KPMG LLP and its affiliates were paid by Cameco Corporation and its subsidiaries the following fees:
% of | % of | |||||||||||||||
Total | Total | |||||||||||||||
2007 | Fees | 2006 | Fees | |||||||||||||
Audit Fees: | ||||||||||||||||
Cameco and Canadian joint ventures | $ | 890,000 | 44.9 | % | $ | 834,000 | 39.8 | % | ||||||||
Centerra and other subsidiaries | 661,400 | 33.4 | % | 895,200 | 42.7 | % | ||||||||||
Total Audit Fees | $ | 1,551,400 | 78.3 | % | $ | 1,729,200 | 82.5 | % | ||||||||
Audit-Related Fees: | ||||||||||||||||
Sarbanes-Oxley 404 scoping project | $ | 41,500 | 2.1 | % | $ | 90,000 | 4.3 | % | ||||||||
Cameco consultative | 31,500 | 1.5 | % | — | — | |||||||||||
Centerra consultative | 153,900 | 7.8 | % | — | — | |||||||||||
Pensions | 13,000 | 0.7 | % | 8,500 | 0.4 | % | ||||||||||
Zircatec — specified procedures | — | — | 50,000 | 2.4 | % | |||||||||||
Total Audit-Related Fees | $ | 239,900 | 12.1 | % | $ | 148,500 | 7.1 | % | ||||||||
Tax Fees: | ||||||||||||||||
Compliance | $ | 130,400 | 6.6 | % | $ | 167,500 | 8.0 | % | ||||||||
Planning and advice | 58,800 | 3.0 | % | 51,700 | 2.4 | % | ||||||||||
Total Tax Fees | $ | 189,200 | 9.6 | % | $ | 219,200 | 10.4 | % | ||||||||
All Other Fees: | — | — | — | — | ||||||||||||
Total Fees | $ | 1,980,500 | 100 | % | $ | 2,096,900 | 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.