BP 2013 Annual Report Download - page 196

37. Auditor’s remuneration
$ million
Fees – EY 2013 2012 2011
The audit of the company annual accountsa26 26 26
The audit of accounts of any subsidiaries of the company 13 13 15
Total audit 39 39 41
Audit-related assurance servicesb876
Total audit and audit-related assurance services 47 46 47
Taxation compliance services 121
Taxation advisory services 121
Services relating to corporate finance transactions 224
Other assurance services 111
Total non-audit or non-audit-related assurance services 577
Services relating to BP pension plansc111
53 54 55
aFees in respect of the audit of the accounts of BP p.l.c. including the group’s consolidated financial statements.
bIncludes interim reviews and reporting on internal financial controls and non-statutory audit services.
cThe pension plan services include tax compliance services of $240,000 (2012 $50,000 and 2011 $108,000).
2013 includes $3 million of additional fees for 2012, and 2012 includes $2 million of additional fees for 2011. Auditors’ remuneration is included in the
income statement within distribution and administration expenses.
The tax services relate to income tax and indirect tax compliance, employee tax services and tax advisory services.
The audit committee has established pre-approval policies and procedures for the engagement of Ernst & Young to render audit and certain assurance
and tax services. The audit fees payable to Ernst & Young are reviewed by the audit committee in the context of other global companies for cost-
effectiveness. Ernst & Young performed further assurance and tax services that were not prohibited by regulatory or other professional requirements
and were pre-approved by the committee. Ernst & Young is engaged for these services when its expertise and experience of BP are important. Most
of this work is of an audit nature. Tax services were awarded either through a full competitive tender process or following an assessment of the
expertise of Ernst & Young compared with that of other potential service providers. These services are for a fixed term.
Under SEC regulations, the remuneration of the auditor of $53 million (2012 $54 million and 2011 $55 million) is required to be presented as follows:
audit $39 million (2012 $39 million and 2011 $41 million); other audit-related services $8 million (2012 $7 million and 2011 $6 million); tax $2 million
(2012 $4 million and 2011 $2 million); and all other fees $4 million (2012 $4 million and 2011 $6 million).
192 BP Annual Report and Form 20-F 2013