Nokia 2012 Annual Report Download - page 194

(c) Attestation Report of the Registered Public Accounting Firm. See the Auditors’ report on page F-1.
(d) Changes in Internal Control Over Financial Reporting. There were no changes in Nokia’s internal
control over financial reporting that occurred during the year ended December 31, 2012 that have
materially affected, or are reasonably likely to materially affect, the Group’s internal control over
financial reporting during 2012.
ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT
The Board of Directors has determined that all of the members of the Audit Committee, including its
Chairman, Jouko Karvinen, are “audit committee financial experts” as defined in Item 16A of Form 20-
F. Mr. Karvinen and each of the other members of the Audit Committee is an “independent director” as
defined in Section 303A.02 of the New York Stock Exchange’s Listed Company Manual.
ITEM 16B. CODE OF ETHICS
We have adopted a code of ethics that applies to our Chief Executive Officer, President, Chief
Financial Officer and Corporate Controller. This code of ethics is available on our website,
www.nokia.com at the corporate governance section under “Our company.”
ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES
Auditor Fees and Services
PricewaterhouseCoopers Oy has served as our independent auditor for each of the fiscal years in the
three-year period ended December 31, 2012. The independent auditor is elected annually by our
shareholders at the Annual General Meeting for the fiscal year in question. The Audit Committee of the
Board of Directors makes a proposal to the shareholders in respect of the appointment of the auditor
based upon its evaluation of the qualifications and independence of the auditor to be proposed for
election or re-election on an annual basis.
The following table sets forth the aggregate fees for professional services and other services rendered
by PricewaterhouseCoopers to Nokia in 2012 and 2011 in total, with a separate presentation of those
fees related to Nokia and Nokia Siemens Networks.
2012 2011
Nokia
Nokia Siemens
Networks Total Nokia
Nokia Siemens
Networks Total
(EUR millions)
Audit Fees(1) ........................... 7.2 10.2 17.4 7.2 10.9 18.1
Audit-Related Fees(2) .................... 0.8 1.4 2.2 1.3 2.3 3.6
Tax Fees(3) ............................ 2.4 1.6 4.0 2.8 2.1 4.9
All Other Fees(4) ........................ 0.3 0.0 0.3 1.1 — 1.1
Total ................................. 10.7 13.2 23.9 12.4 15.3 27.7
(1) Audit Fees consist of fees billed for the annual audit of the company’s consolidated financial
statements and the statutory financial statements of the company’s subsidiaries.
(2) Audit-Related Fees consist of fees billed for assurance and related services that are reasonably related
to the performance of the audit or review of the company’s financial statements or that are traditionally
performed by the independent auditor, and include consultations concerning financial accounting and
reporting standards; advice on tax accounting matters; advice and assistance in connection with local
statutory accounting requirements; due diligence related to acquisitions or divestitures; financial due
diligence in connection with provision of funding to customers, reports in relation to covenants in loan
agreements; employee benefit plan audits and reviews; and audit procedures in connection with
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