EX-99.4 5 d764353dex994.htm EX-99.4 EX-99.4

EXHIBIT 99.4

For fiscal years ended December 31, 2023 and December 31, 2022, KPMG LLP and its affiliates billed Cameco Corporation and its subsidiaries the following fees:

 

     2023
($)		      % of
total fees		      2022
($)		      % of
total fees		  

Audit fees

            

Cameco1

      2,436,700        88.7        2,389,200        82.8  

Subsidiaries2

      135,600        4.9        136,800        4.7  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total audit fees

      2,572,300        93.6        2,526,000        87.5  
  

 

 

     

 

 

     

 

 

     

 

 

  

Audit-related fees

            

Translation services3

      —         0        137,500        4.8  

Pensions4

      31,600        1.2        30,000        1.0  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total audit-related fees

      31,600        1.2        167,500        5.8  
  

 

 

     

 

 

     

 

 

     

 

 

  

Tax fees

            

Compliance

      5,600        0.2        5,100        0.2  

Planning and advice5

      136,100        5.0        117,700        4.1  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total tax fees

      141,700        5.2        122,800        4.3  
  

 

 

     

 

 

     

 

 

     

 

 

  

All other fees

            
  

 

 

     

 

 

     

 

 

     

 

 

  

Other non-audit fees6

      —         0        69,500        2.4  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total other non-audit fees

      —         0        69,500        2.4  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total fees

      2,745,600        100.0        2,885,800        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 

Translation services for 2022 relate to the French translation of the 2021 annual financial statements and management’s discussion and analysis, 2022 Q2 interim financial statements and management’s discussion and analysis, and certain sections of the September 2022 base shelf prospectus. No invoices were issued in 2023 for translation services.

4 

Includes amounts billed for the audit of Cameco’s pension plan financial statements.

5

Includes amounts billed for tax compliance and tax advisory services.

6

Other non-audit fees for 2022 includes amounts billed for Cameco’s I-4 Membership. No invoices were issued in 2023.

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, 2023 and 2022, 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.