The following is a summary of the fees billed to the Company by PwC and KPMG LLP for professional services rendered for the years ended December 31, 2013 and 2012, respectively:
|Fee Category||2013 Fees(1)||2012 Fees(2)|
Audit Fees relate to services rendered for the audit of the Company's consolidated financial statements and audit of the effectiveness of internal controls over financial reporting for the periods ended December 31, 2013 and 2012; and review of the interim consolidated financial statements included in quarterly reports and services normally provided by PwC and KPMG in connection with statutory and regulatory filings or engagements.
Audit-related fees for 2013 and 2012 were primarily for due diligence assistance related to acquisition activity and special reports pursuant to agreed-upon procedures.
Tax Fees for 2013 relate to sales tax consultation services performed by PwC. The tax fees for 2012 relate to tax compliance, tax advice, and tax planning services, including assistance with federal, state and international tax compliance, tax audit defense, acquisitions and international tax planning, that were performed by KPMG.
The Audit Committee's policy is to pre-approve all audit, non-audit, tax and other fees to be paid to the Company's independent auditor. The Chairman of the Committee has been authorized by the Committee to pre-approve proposals up to one hundred thousand dollars per service item, subject to the full Committee's ratification at a subsequent meeting. Pre-approvals are specific as to the particular service that is proposed and each service is generally subject to a budget.