Audit and Non-Audit Services Approval Policy 110104

AUDIT AND NON-AUDIT SERVICES APPROVAL POLICY November 1, 2004AUDIT AND NON-AUDIT SERVICES APPROVAL POLICY TABLE OF CONTENTS 1.0 OVERVIEW...........................................................................................................................1 2.0 POLICY...................................................................................................................................1 3.0 PROCEDURES FOR PRE-APPROVAL OF NON-AUDIT SERVICES ................1 4.0 DELEGATION.....................................................................................................................2 5.0 REPORTING....2 iAUDIT AND NON-AUDIT SERVICES APPROVAL POLICY 1.0 OVERVIEW This document outlines the CPP Investment Board’s policy for Audit Committee approval of services provided by the external auditor. This policy is consistent with the Canadian Independence Standard (“the Standard”) issued by the Canadian Institute of Chartered Accountants (“CICA”) and effective January 1, 2004. 2.0 POLICY Audit Services Audit services include all services and other procedures that the external auditor is required to perform to form an opinion on, or provide a review report in respect of, the financial statements. The engagement of the external auditor (including associated fees) is annually approved by the Audit Committee. All services considered to be a necessary part of the audit are considered to be included in this ...