Ally Bank 2012 Annual Report Download - page 230

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The aggregate fees billed to us for professional services performed by Deloitte & Touche were as follows.
December 31, ($ in millions) 2012 2011
Audit fees (a) $ 20 $ 20
Audit-related fees (b) 56
Tax fees (c) —1
Total principal accountant fees $ 25 $ 27
(a) Audit fees include fees for the integrated audit of our annual Consolidated Financial Statements, reviews of interim financial statements included in our
Quarterly Reports on Form 10-Q, and audit services in connection with statutory and regulatory filings. In addition, this category includes approximately
$1 million in both 2012 and 2011, pertaining to services such as comfort letters for securities issuances and consents to the incorporation of audit reports
in filings with SEC.
(b) Audit-related fees include fees for assurance and related services that are traditionally performed by the principal accountant, including attest services
related to servicing and compliance, agreed-upon procedures relating to securitizations and financial asset sales, internal control reviews, consultation
concerning financial accounting and reporting standards, audits in connection with acquisitions and divestitures, employee benefit plan audits, and audits
of actuarial estimates.
(c) Tax fees include fees for services performed for tax compliance, tax planning, and tax advice, including preparation of tax returns and claims for refund,
and tax payment-planning services. Tax planning and advice also include assistance with tax audits and appeals and tax advice related to specific
transactions.
The services performed by Deloitte & Touche in 2012 were preapproved in accordance with the Independent Auditor Services and
Preapproval Policy of the Ally Audit Committee. This policy requires the independent registered public accounting firm to present the
proposed audit services and related fees to the Ally Audit Committee for approval prior to the commencement of the services. Amounts
exceeding the initially approved audit fees, or audit services not initially contemplated or considered during the initial approval, must be
separately approved by the Committee.
The Ally Audit Committee must also preapprove all audit-related services, tax services, and all other services that are proposed to be
provided by the independent registered public accounting firm. Similar to audit services, management and the independent registered public
accounting firm annually present the proposed services and related fees to the Ally Audit Committee for approval prior to the commencement
of services. The Committee's approval of the services and fees form the basis for an annual limit on such fees. The Committee periodically
reviews the spending against these limits. Services that were not initially contemplated or considered during the initial approval must be
separately approved by the Committee.
The Ally Audit Committee determined that all services provided by Deloitte & Touche during 2012 were compatible with maintaining
their independence as principal accountants.
Table of Contents Ally Financial Inc. • Form 10-K