.4

For fiscal years ended December 31, 2020 and December 31, 2019, KPMG LLP and its affiliates billed Cameco Corporation and its subsidiaries the following fees:

 

		2020 ($)				% of total fees				2019 ($)				% of total fees
Audit fees
Cameco1			1,845,700				75.7				1,968,900				78.9
Subsidiaries2			335,300				13.8				221,800				8.9
Total audit fees			2,181,000				89.5				2,190,700				87.8
Audit-related fees
Pensions			27,300				1.1				27,300				1.1
Total audit-related fees			27,300				1.1				27,300				1.1
Tax fees
Compliance			32,400				1.3				37,900				1.5
Planning and advice3			157,400				6.5				200,800				8.1
Total tax fees			189,800				7.8				238,700				9.6
All other fees
Other non-audit fees4			39,000				1.6				38,300				1.5
Total other non-audit fees			39,000				1.6				38,300				1.5
Total fees			2,437,100				100.0				2,495,000				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 2020 and 2019 related to Cameco’s I-4 Membership.

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, 2020 and 2019, 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.