- Board of directors
- Committees of the board
- Certain transactions and relationships
- Certain information about insurance and indemnification
- 2008 Director compensation
- Section 16(a) beneficial ownership reporting compliance
- Ownership of securities
- 2008 Compensation discussion and analysis:
- 2008 Summary compensation
- 2008 Grants of plan-based awards
- 2008 Outstanding equity awards at fiscal year-end
- 2008 Option exercises and stock vested
- 2008 Retention plan
- 2008 Pension benefits
- 2008 Nonqualified deferred compensation
- 2008 Potential payments upon termination
Audit and non-audit fees
Set forth below are the fees paid by IBM to its independent registered public accounting firm, PricewaterhouseCoopers LLP (PwC) for the fiscal periods indicated.
| (Dollars in millions) | 2008 | 2007 |
|---|---|---|
| Audit Fees | $32.2 | $30.1 |
| Audit-Related Fees | 30.0 | 28.0 |
| Tax Fees | 8.4 | 10.2 |
| All Other Fees | 1.1 | 1.3 |
Description of services
Audit Fees: comprise fees for professional services necessary to perform an audit or review in accordance with the standards of the Public Company Accounting Oversight Board, including services rendered for the audit of the Company’s annual financial statements (including services incurred with rendering an opinion under Section 404 of the Sarbanes-Oxley Act of 2002) and review of quarterly financial statements. Also includes fees for services that are normally incurred in connection with statutory and regulatory filings or engagements, such as comfort letters, statutory audits, attest services, consents, and review of documents filed with the SEC.
Audit-Related Fees: comprise fees for services that are reasonably related to the performance of the audit or review of the Company’s financial statements including the support of business acquisition and divestiture activities, independent assessment of controls related to outsourcing services, audit and review of IBM’s retirement and other benefit-related programs. For 2008, these services included approximately $24 million for independent assessment of controls related to outsourcing services. For 2007, these services included approximately $20 million for independent assessment of controls related to outsourcing services and $4 million for services in support of the transaction between IBM and Ricoh with regard to IBM’s Printing Systems Division.
Tax Fees: comprise fees for tax compliance, tax planning, and tax advice. Corporate tax services encompass a variety of permissible services, including technical tax advice related to U.S. international tax matters; assistance with foreign income and withholding tax matters, assistance with sales tax, value added tax and equivalent tax related matters in local jurisdictions; preparation of reports to comply with local tax authority transfer pricing documentation requirements; and assistance with tax audits. In 2007, these services included approximately $3 million in connection with various international restructurings.
All Other Fees: comprise fees primarily in connection with the international assignee program and certain benchmarking arrangements.
