AKAO 2018 Proxy Statement

15 PROPOSAL NO. 4 RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM The audit committee of our board of directors has engaged Ernst & Young LLP as our independent registered public accounting firm for the year ending December 31, 2018, and is seeking ratification of such selection by our stockholders at the Annual Meeting. Ernst & Young LLP has audited our financial statements since the year ended December 31, 2010. Representatives of Ernst & Young LLP are expected to be present at the Annual Meeting. They will have an opportunity to make a statement if they so desire and will be available to respond to appropriate questions. Neither our bylaws nor other governing documents or law require stockholder ratification of the selection of Ernst & Young LLP as our independent registered public accounting firm. However, the audit committee is submitting the selection of Ernst & Young LLP to our stockholders for ratification as a matter of good corporate practice. If our stockholders fail to ratify the selection, the audit committee will reconsider whether or not to retain Ernst & Young LLP. Even if the selection is ratified, the audit committee in its discretion may direct the appointment of a different independent registered public accounting firm at any time during the year if they determine that such a change would be in the best interests of the Company and our stockholders. Principal Accountant Fees and Services The following table provides information regarding the fees incurred to Ernst & Young LLP during the years ended December 31, 2017 and 2016. All fees described below were approved by the audit committee. Year Ended December 31, 2017 2016 Audit Fees (1) $1,500,800 $ 840,500 Audit-Related Fees (2) 348,250 — Tax Fees — — All Other Fees (3) 1,780 1,935 Total Fees $1,850,830 $ 842,435 (1) Audit Fees of Ernst & Young LLP for 2017 and 2016 were for professional services associated with the annual audit of our consolidated financial statements, the reviews of our interim consolidated financial statements and the issuance of consent and comfort letters in connection with registration statement filings with the SEC. (2) Audit-Related Fees for 2017 consist of fees billed for accounting consultations and professional services rendered in connection with assurance and related services that are not reported under “Audit Fees”. No such services were incurred in 2016. (3) All Other Fees include any fees billed that are not audit, audit related or tax fees. In 2017 and 2016, this fee included a license to an accounting research database. Pre-Approval Policies and Procedures Before an independent registered public accounting firm is engaged by the Company to render audit or non-audit services, our audit committee must review the terms of the proposed engagement and pre-approve the engagement. The audit committee may delegate authority to one or more of the members of the audit committee to provide such pre-approvals for audit or non-audit services, provided that such person or persons report such pre-approvals to the full audit committee at its next scheduled meeting. Audit committee pre-approval of non-audit services (other than review and attest services) are not required if such services fall within available exceptions established by the SEC. The audit committee pre-approved all audit, audit-related, tax and other services provided by Ernst & Young LLP for 2017 and 2016 and the estimated costs of those services. Actual amounts billed, to the extent in excess of the estimated amounts, were periodically reviewed and approved by the audit committee. THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR THIS PROPOSAL NO. 4