Savers Value Village Inc
For the period ended Dec 30, 2023. Filed Mar 8, 2024.
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FY2023 · Filed Mar 8, 2024
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Item 14. Principal Accounting Fees and Services
The following table sets forth the fees billed by our independent accountants, KPMG LLP (“KPMG”) for fiscal years 2023 and 2022:
| Fiscal Year | ||
|---|---|---|
| 2023 | 2022 | |
| Audit fees | $2,776,700 | $2,844,599 |
| Audit-related fees | — | — |
| Tax fees | 547,942 | 314,719 |
| All other fees | — | — |
Audit Fees
Audit fees in 2023 includes fees for our annual audit, quarterly review procedures, and other fees in connection with our IPO. Audit fees in 2022 include fees for our annual audit and other fees in connection with our IPO.
Tax Fees
Tax fees includes fees primarily for tax compliance services.
Pre-Approval Policy for Services of Independence Registered Public Accounting Firm
Consistent with SEC requirements regarding auditor independence and the Audit Committee’s charter, the Audit Committee has responsibility for engaging, setting compensation for and reviewing the performance of KPMG. In exercising this responsibility, the Audit Committee has established procedures relating to the approval of all audit and non-audit services that are to be performed by KPMG and, since our IPO, pre-approves all audit and permitted non-audit services provided by KPMG prior to each engagement.
Procedures For Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of Independent Auditor
Since our IPO, and on a going-forward basis, the 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).
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