**Exhibit 99.1**

 

**Immucor, Inc. Audit Committee**

 

**Policyfor Pre-Approval of Independent Registered Public Accounting Firm Services**

 

Adopted November9, 2004

 

**Background**

 

Under Section 202of the Sarbanes-Oxley Act of 2002 (the “Act”), the Audit Committee is requiredto pre-approve the audit and non-audit services performed by the Company’sindependent registered public accounting firm (the “Independent RegisteredPublic Accounting Firm”), and any other audit services provided to the Companyto assure that the provision of such services does not impair the IndependentRegistered Public Accounting Firm’s independence.  In accordance with the Act and the finalrules promulgated by the Securities and Exchange Commission under the Act, theAudit Committee adopts the following pre-approval policy (the “Policy”).

 

The generalstandard underlying this Policy shall be that an Independent Registered PublicAccounting Firm shall not be deemed independent if the Audit Committeedetermines that a reasonable investor with knowledge of all relevant facts andcircumstances would conclude that the Independent Registered Public AccountingFirm is not capable of exercising objective and impartial judgment on allissues encompassed within the Independent Registered Public Accounting Firm’sengagement.  In determining whether aservice is permitted under this Policy, the Audit Committee will consider allrelevant circumstances, including whether the provision of the service (a)creates a mutual or conflicting interest between the  Independent Registered Public Accounting Firmand the Company; (b) places the Independent Registered Public Accounting Firm in a position of auditingits own work; (c) results in the Independent Registered Public Accounting Firm acting as management or anemployee of the Company; or (d) places the Independent Registered Public Accounting Firm in a position of being anadvocate for the Company.

 

**Pre-ApprovalRequirements**

 

Any service to beprovided by the Independent Registered Public Accounting Firm, including auditrelated and non-audit services to be provided by the Independent RegisteredPublic Accounting Firm, must be pre-approved in accordance with thisPolicy.  The Audit Committee willannually review and pre-approve the services that may be provided by theIndependent Registered Public Accounting Firm to the Company and itssubsidiaries and the related estimated costs.

 

Any audit serviceprovided by any firm other than the Independent Registered Public AccountingFirm must also be pre-approved in accordance with this Policy.  This requirement applies to statutoryregistered public accounting firms for foreign subsidiaries of theCompany.  Fees for services for foreignsubsidiaries of the Company may be denominated in U.S. dollars but paid inanother currency and may be subject to foreign exchange rate fluctuations.  Variances from estimated amounts arising as aresult of changes in foreign currency exchange rates from the time ofpreparation of the relevant approval request will not be considered to be variancesfrom the budgeted amount and payment of the related invoices will not require asubsequent approval.

 

**Pre-ApprovalProcedures**

 

Appendix Aattached hereto sets forth specific services that the Audit Committee mayengage the Independent Registered Public Accounting Firm to undertake inaddition to the annual audit services engagement (“permitted services”).  The Audit Committee will revise the list ofpermitted services from time to time; provided however, the Audit Committeeshall not add any non-audit services that would disqualify the IndependentRegistered Public Accounting Firm as being independent under Rule 2-01 ofRegulation S-X.

 

The AuditCommittee shall review and pre-approve the annual services engagement.  In addition, the Audit Committee maypre-approve other services from the list of specific permitted services, andestimated costs for each such services, prior to the provision of such servicesor incurring fees for such services or incurring fees for such services.  Any proposed services exceeding pre-approvedamount after the engagement has commenced by the greater of $10,000 or 5percent of the pre-approved amount will require additional pre-approval inaccordance with the Policy prior to the provision of such services.  The Audit Committee will approve, ifnecessary, any changes in

 

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terms, conditionsand fees resulting from changes in audit scope, Company structure or othermatters.  The term of any pre-approvalwill be for a designated fiscal year, unless the Audit Committee specificallyprovided for a different period.

 

Any service thatis not pre-approved shall be approved on a case-by-case basis by the AuditCommittee or the Chair of the Audit Committee (the “Chair”) prior to theprovision of such services or incurring fees for such services.  Any such pre-approval by the Chair shall bedisclosed to the full Audit Committee at its next meeting.

 

When the AuditCommittee or the Chair pre-approves a service provided by the IndependentRegistered Public Accounting Firm or an audit service provided by another firm,the description of the service must be detailed as to the particular servicesto be provided and must be accompanied by detailed backup documentationregarding the specific services to be provided, including estimated costs.  In addition, the description of the servicemust be sufficient to ensure that the Audit Committee knows precisely whatservices it is being asked to pre-approve so that it can make a well-reasonedassessment of the impact of the service on the Independent Registered PublicAccounting Firm’s independence.  TheIndependent Registered Public Accounting Firm and management are required toperiodically report to the Audit Committee regarding the extent of servicesprovided by the Independent Registered Public Accounting Firm in accordancewith this Policy, and the fees for the services performed to date.

 

**Notificationof Failure to Obtain Pre-Approval**

 

Promptly afterdiscovering that services were provided in violation of the Policy, the Company’sChief Financial Officer shall notify the Chair and the Company shall disclosethe violation to the full Audit Committee at its next meeting.

 

**Delegation**

 

Pre-approvalauthority has been delegated to the Chair, provided that if the Chair exercisespre-approval authority under this Policy, he or she shall report anypre-approval decisions to the Audit Committee at its next scheduledmeeting.  The Audit Committee does notdelegate its responsibilities to pre-approve services performed by theIndependent Registered Public Accounting Firm to management.

 

**DeMinimis Exception**

 

The pre-approvalrequirements for the provision of services other than audit, review or attestservices by the Independent Registered Public Accounting Firm are waived  under this Policy if;

 

(1)                                  Theaggregate amount of all such services provided constitutes no more than fivepercent of the total amount of revenues paid by the Company to the IndependentRegistered Public Accounting Firm during the fiscal year in which the servicesare provided; provided however, that in no event shall such aggregate amountexceed more than $25,000;

 

(2)                                  Suchservices were not recognized by the Company at the time of engagement to benon-audit services.

 

(3)                                  Suchservices are promptly brought to the attention of the Audit Committee andapproved prior to completion of the service in accordance with this Policy; and

 

(4)                                  Theservices provided are contemplated in Appendix A-1.

 

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**Appendix A-1**

 

**PermittedServices by Independent Registered Public Accounting Firm**

 

•                  Financial statementaudits of employee benefits plans.

•                  Work associatedwith registration statements under the Securities Act of 1933 (i.e.,post-report review procedures, comfort letters or consents).

•                  Statutory orother financial audit work, or audit work with respect to compliance withrequirements imposed by applicable regulatory agencies, required for non-U.S.subsidiaries or affiliates that is not required for the Securities Exchange Actif 1943 audit.

•                  Attest servicesthrough which procedures are performed to verify compliance with contractualcommitments and/or assertions made by suppliers and/or customers of the Companyor Company personnel.

•                  Advice,consultation and research tools as to proposed or newly adopted accounting andauditing standards and interpretations, and as to financial accounting anddisclosure requirements imposed by Securities and Exchange Commission and otherregulatory agencies and professional standard setters.

•                  Technicaltraining classes offered by the Independent Registered Public Accounting Firmto the general public or all audit clients of the Independent Registered PublicAccounting Firm.

•                  Assistance andconsultation as to questions, comments or inquiries made by the SEC or otherregulatory agencies.

•                  Servicesassociated with periodic reports and other documents filed with the SEC by theCompany or a Company benefit plan or other documents issued in connection withsecurities offerings.

•                  Due-diligencework for potential acquisitions or disposals, which will specifically entailfinancial, accounting, and tax procedures relating to the parties to thecontemplated transaction and performance of audit and/or review procedures asof closing date of the transaction.  Such work will not include preparing valuation, financial models or “fairnessopinions,” actuarial reports or any other services prohibited by applicablerules or regulations.

•                  Assistance tothe Company with understanding its internal control review and reportingobligations, not including the performance of any management review or thepreparations of internal control documentation.

 

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