|
SEC Filings
|
Section 16 Filings Only
|
| |
|
Aggregate
fees billed to us by Baum & Company, P.A. for the fiscal years ended
December 31,
|
Fee
Category
|
|
2006
|
|
|
2005
|
|
|
Audit
Fees (1)
|
|
$ |
90,000
|
|
|
$ |
127,289
|
|
|
Audit-Related
Fees (2)
|
|
|
—
|
|
|
|
24,252
|
|
|
Tax
Fees
|
|
|
—
|
|
|
|
—
|
|
|
All
Other Fees
|
|
|
—
|
|
|
|
—
|
|
|
Total
|
|
$ |
90,000
|
|
|
$ |
151,541
|
|
|
(1)
|
For
2006, represents the aggregate fees billed to us for professional
services
rendered for the audit of our annual consolidated financial statements
and
our internal controls over financial reporting and reviews of our
quarterly consolidated financial statements. For 2005, the amount
includes
additional fees billed for the audit of our former LaPolla Subsidiary
in
2005.
|
|
(2)
|
Represents
the aggregate fees billed to us for assurance and related services
that
are reasonably related to the performance of the audit and review
of our
consolidated financial statements that are not already reported in
Audit
Fees. These services include accounting consultations and attestation
services.
|
Policy
on Audit and Finance Committee Pre-Approval
The
policy of the Audit Committee is to pre-approve all audit and permissible
non-audit services to be performed by the independent registered public
accounting firm during the calendar year. The Audit Committee pre-approves
services by authorizing specific projects within the categories listed in the
table above. The Chairperson the Audit Committee addresses any
requests for pre-approval of services between Audit Committee meetings, and
the
Chairperson must report any pre-approval decisions to the Audit Committee at
its
next scheduled meeting. The policy prohibits retention of the independent
registered public accounting firm to perform the prohibited non-audit functions
defined in Section 201 of the Sarbanes-Oxley Act of 2002 or the rules of
the SEC, and also considers whether proposed services are compatible with the
independence of the independent registered public accounting firm. The aggregate
amount of services related to Audit Fees and Audit-Related
Fees provided by Baum & Company, P.A. were pre-approved by the Audit
Committee in accordance with the pre-approval policy described
above. There were no Tax Fees or All Other Fees
pre-approved or approved during the 2006 year.
Our
Audit
Committee issued the following report for inclusion in this proxy statement
in
connection with the 2007 Annual Meeting.
|
|
1.
|
The
Audit Committee has reviewed and discussed the audited consolidated
financial statements for the year ended December 31, 2006 with
management of LaPolla and with LaPolla’s independent registered public
accounting firm, Baum & Company,
P.A.
|
|
|
2.
|
The
Audit Committee has discussed those matters required by Statement
on
Auditing Standards No. 61 with Baum & Company,
P.A.
|
|
|
3.
|
The
Audit Committee has received the written disclosures and the letter
from
the independent registered public accounting firm required by Independence
Standards Board Standard No. 1, and has discussed with the
independent registered public accounting firm the auditor’s independence
from LaPolla and its management.
|
|
|
4.
|
After
the discussions referenced in paragraphs 1 through 3 above, the Audit
Committee recommended to our Board of Directors that the audited
consolidated financial statements for the year ended December 31,
2006 be included or incorporated by reference in the Annual Report
on
Form 10-K for that year for filing with the
SEC.
|
|
|
AUDIT
COMMITTEE, |
| |
|
|
|
Mr.
Jay C. Nadel, Chairperson |
|
|
Lt.
Gen. Arthur J. Gregg, US Army (Ret.) |
|
|
Mr.
Augustus J. Larson
|
The
Annual Report to Stockholders for the fiscal year ended December 31, 2006 (“2006
Annual Report”) accompanies the proxy materials being mailed to all
stockholders. Those documents are not a part of the proxy solicitation
materials. We will provide, without charge, additional copies of our 2006 Annual
Report on Form 10-K upon the receipt of a written request by any
stockholder.
|
|
Prior SEC Filings are through the
SEC EDGAR SERVICE.
|
