Direct Digital Holdings Inc
For the period ended Dec 31, 2023. Filed Oct 15, 2024.
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FY2023 · Filed Oct 15, 2024
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ITEM 14. Principal Accountant Fees and Services
A****udit Fees and Services
As previously reported, the Audit Committee appointed BDO USA, P.C. to serve as the Company’s registered public accounting firm for fiscal year ended December 31, 2023. The following table summarizes the fees BDO USA, P.C. billed to us for the last two fiscal years.
| · · · · · · | ||||
|---|---|---|---|---|
| | Years Ended December 31, | |||
| Fee Category · 2023 · 2022 | ||||
| Audit Fees (1) (BDO USA, P.C.) | | $850,763 | | $— |
| Total Fees | | $850,763 | | $— |
| (1) | Audit fees consist of fees billed for professional services rendered by BDO USA, P.C. for the audits of our annual consolidated financial statements, the reviews of our interim consolidated financial statements, and related services that are normally provided in connection with statutory and regulatory filings or engagements. |
Predecessor A****udit Fees and Services
Marcum LLP was our independent registered public accounting firm for the year ended December 31, 2022. The following table summarizes the fees Marcum LLP billed to us for the last two fiscal years.
| · · · · · · | ||||
|---|---|---|---|---|
| | Years Ended December 31, | |||
| Fee Category · 2023 · 2022 | ||||
| Audit Fees (1) (Marcum LLP) | | 596,885 | | $421,666 |
| Audit-Related Fees (2) | | 46,378 | | 25,750 |
| Tax Fees (3) | | — | | 4,120 |
| All Other Fees | | — | | — |
| Total Fees | | $643,263 | | $451,536 |
| (1) | Audit fees consist of fees billed for professional services rendered by Marcum LLP for the audits of our annual consolidated financial statements, the reviews of our interim consolidated financial statements, and related services that are normally provided in connection with statutory and regulatory filings or engagements. |
| (2) | Audit-related fees consist of fees for assurance and related services performed by Marcum LLP that are reasonably related to the performance of the audit or review of our financial statements and are traditionally performed by the independent registered public accounting firm. These include services related to consultation with respect to special procedures required to meet certain regulatory requirements. |
| (3) | Tax fees consist of fees for professional services with respect to tax compliance, tax advice and tax planning. |
Audit Committee Pre-Approval Policies and Procedures
Our audit committee has and will pre-approve all auditing services and permitted non-audit services to be performed for us by our auditors, including the fees and terms thereof (subject to the de minimis exceptions for non-audit services described in the Exchange Act which are approved by the audit committee prior to the completion of the audit). All of the fees paid to BDO USA, P.C. and Marcum LLP in the years ended December 31, 2023 and 2022 were pre-approved by the audit committee.
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