More than spare change…

January 8, 2004

In Agilent’s (A) 2003 proxy, the company listed its audit fees as $3 million. But in the latest proxy filed yesterday, the company says those audit fees for last year were really $4.38 million. Though the difference appears to be due to a change in the way Agilent was counting its numbers, since total fees paid to accounting firm PricewaterhouseCoopers –$12.15 million for fiscal 2002 — were the same in both proxies, a nearly 50 percent difference between the two proxies is nothing to sneeze at. In fiscal 2003, Agilent cut its PwC bill in half to $5.87 million.

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