COOPER COMPANIES INC
For the period ended Apr 2, 2025. Filed Feb 19, 2025.
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Apr 2, 2025 · Filed Feb 19, 2025
Contents
Appointment
The Audit Committee has appointed KPMG to serve as our Independent Auditor and to perform an independent audit of the Company’s consolidated financial statements, as well as our internal controls over financial reporting, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (“PCAOB”). The Audit Committee’s responsibility is to monitor and oversee these processes. In this context, the Audit Committee has met and held discussions with management and KPMG regarding the fair and complete presentation of the Company’s financial results.
The Audit Committee reviews the independence and quality control procedures of KPMG and the experience and qualifications of KPMG senior personnel that are providing audit services to the Company at least annually. In conducting its review of KPMG, the Audit Committee considers:
Historical and recent performance, including the results of an internal survey of KPMG’s service;
Quality and professional reputation, utilizing the questionnaire published by the Center for Audit Quality;
External data relating to audit quality and performance, including recent PCAOB reports on KPMG and its peer firms;
The value of KPMG’s services in relation to the fees charged to the Company;
KPMG’s tenure as our Independent Auditor and its familiarity with our global operations and businesses, accounting policies and practices and internal control over financial reporting;
KPMG’s capability and expertise in handling the breadth and complexity of our worldwide operations;
KPMG’s compliance with the partner rotation requirements established by the SEC;
KPMG’s integrity and objectivity; and
KPMG’s independence from the Company consistent with PCAOB Rules, and the impact that any relationships or services may have on the objectivity and independence.
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The Company also annually confirms with each of its directors and executive officers whether there are any relationships that they are aware of with KPMG that may impact the auditor independence evaluation.
Based on this evaluation, including the factors discussed above, the Audit Committee has concluded that KPMG is independent and believes it is in the best interests of the Company and its stockholders to retain KPMG to serve as our Independent Auditor for the 2025 fiscal year.
The Audit Committee has also set clear hiring policies regarding the Company’s hiring of present or former employees of KPMG.
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