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SEC Filings

DEF 14C
APOLLO EDUCATION GROUP INC filed this Form DEF 14C on 12/29/2014
Entire Document
 


INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Audit Committee is solely responsible for the appointment, retention, compensation and oversight of our independent registered public accounting firm. Before selecting our independent registered public accounting firm, the Audit Committee considers various factors, including the firm’s performance and qualifications, independence and integrity. As a result of this process, the Audit Committee has selected Deloitte & Touche LLP (“Deloitte”) as the Company’s independent registered public accounting firm and as auditors of the Company’s consolidated financial statements for the fiscal year ending August 31, 2015. Deloitte has served as our independent registered public accounting firm since our fiscal year ended August 31, 2004.
The Board, following the Audit Committee’s selection, has unanimously recommended that the holders of Class B Common Stock vote for ratification of the appointment of Deloitte as the Company’s independent registered public accounting firm for the fiscal year ending August 31, 2015. Representatives of Deloitte are expected to be present at the Annual Meeting of Class A Shareholders, will have the opportunity to make a statement, and will be available to respond to questions.
Pre-Approval Policies and Procedures
The Audit Committee pre-approves, directly and through delegated authority to the chair of the Audit Committee, all engagements of Deloitte to provide services to the Company and its subsidiaries. During fiscal year 2014, no non-audit services under the de minimis provisions described in the applicable Securities and Exchange Commission rules and regulations were provided without pre-approval by the Audit Committee.
Independence Assessment by Audit Committee
The Company’s Audit Committee determined that the services provided by Deloitte as set forth herein are compatible with maintaining Deloitte’s independence, and all non-audit related fees and services were approved by the Audit Committee.
Independent Registered Public Accounting Firm Fees
The following is a summary of the fees billed to us by Deloitte and Deloitte Tax LLP for professional services provided for fiscal years 2014 and 2013:
Fee Category
 
2014
 
2013
Audit Fees(1)
 
 
 
 
SEC filings and subsidiary stand-alone financial statements
 
$
2,260,000

 
$
2,072,000

Compliance and regulatory audits
 
417,000

 
347,000

Tax Fees(2)
 
122,000

 
223,000

All Other Fees(3)
 
3,000

 
76,000

Total Fees
 
$
2,802,000

 
$
2,718,000

(1) Consists of fees for professional services provided in connection with the annual audit of our consolidated and subsidiary stand-alone financial statements, audit of our internal control over financial reporting, review of our quarterly consolidated financial statements, and audit services performed in connection with other statutory and regulatory filings.
(2) Consists of fees for professional services for tax compliance, tax planning, and tax advice, including assistance regarding tax audit defense and mergers and acquisitions.
(3) Consists of fees for permitted services other than audit and tax fees, and includes accounting subscriptions and continuing professional education training activities.

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