EX-99.4 5 d715162dex994.htm EX-99.4 EX-99.4

EXHIBIT 99.4

For fiscal years ended December 31, 2018 and December 31, 2017, KPMG LLP and its affiliates were billed by Cameco Corporation and its subsidiaries the following fees:

 

     2018
($)		      % of
total fees
(%)		      2017
($)		      % of
total fees
(%)		  

Audit fees

            

Cameco1

      2,033,100        68.5        2,030,800        59.3  

Subsidiaries2

      709,800        23.9        864,900        25.3  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total audit fees

      2,742,900        92.4        2,895,700        84.6  
  

 

 

     

 

 

     

 

 

     

 

 

  

Audit-related fees

            

Translation services

      —          —          —          —    

Pensions and other

      27,300        0.9        27,300        0.8  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total audit-related fees

      27,300        0.9        27,300        0.8  
  

 

 

     

 

 

     

 

 

     

 

 

  

Tax fees

            

Compliance

      94,800        3.2        151,200        4.4  

Planning and advice3

      102,300        3.5        295,800        8.6  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total tax fees

      197,100        6.7        447,000        13.0  
  

 

 

     

 

 

     

 

 

     

 

 

  

All other fees

            

Other non-audit fees4

      —          0.0        55,300        1.6  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total other non-audit fees

      —          0.0        55,300        1.6  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total fees

      2,967,300        100.0        3,425,300        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 2017 related to Cameco’s I-4 Membership and ESTMA reporting.

Pre-Approval Policies and Procedures

As part of Cameco Corporation’s corporate governance practices, under its committee charter, the audit and finance committee is required to pre-approve the audit and non-audit services performed by the external auditors. The audit and finance 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 and finance committee or audit and finance committee chair, or in the absence of the audit and finance 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 and finance committee at its next meeting. The audit and finance committee has adopted a written policy to provide procedures to implement the foregoing principles. For each of the years ended December 31, 2018 and 2017, 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.