Nokia 2013 Annual Report Download - page 142

NOKIA IN 2013
140
AUDITOR FEES AND SERVICES
PricewaterhouseCoopers Oy has served as our independent
auditor for each of the fi scal years in the three-year period
ended December , . The independent auditor is elected
annually by our shareholders at the Annual General Meeting for
the fi scal 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 qualifi cations 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  and  in total,
with a separate presentation of those fees related to Nokia
and NSN.
2013 2012
EURm Nokia NSN Total Nokia NSN Total
Audit fees 1 6.9 9.9 16.8 7.2 10.2 17.4
Audit-related fees 2 0.6 9.4 10.0 0.8 1.4 2.2
Tax fees 3 1.3 0.4 1.7 2.4 1.6 4.0
All other fees 4 1.1 — 1.1 0.3 — 0.3
Total 9.9 19.7 29.6 10.7 13.2 23.9
 Audit fees consist of fees billed for the annual audit of the company’s con-
solidated financial statements and the statutory financial statements of
the company’s subsidiaries.
 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; finan-
cial 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 investi-
gations and compliance programs. They also include fees billed for other
audit services, which are those services that only the independent auditor
reasonably can provide, and include the provision of comfort letters and
consents in connection with statutory and regulatory filings and the
review of documents filed with the SEC and other capital markets or local
financial reporting regulatory bodies. The NSN Audit-related fees for 
are primarily related to due diligence services provided in connection with
the transaction where Nokia purchased Siemens’ stake in NSN, which was
completed on August , .
 Tax fees include fees billed for (i) corporate and indirect compliance in-
cluding preparation and/or review of tax returns, preparation, review and/
or filing of various certificates and forms and consultation regarding tax
returns and assistance with revenue authority queries; (ii) transfer pricing
advice and assistance with tax clearances; (iii) customs duties reviews
and advice; (iv) consultations and tax audits (assistance with technical tax
queries and tax audits and appeals and advice on mergers, acquisitions
and restructurings); (v) personal compliance (preparation of individual tax
returns and registrations for employees (non-executives), assistance with
applying visa, residency, work permits and tax status for expatriates); and
(vi) consultation and planning (advice on stock-based remuneration, local
employer tax laws, social security laws, employment laws and compensa-
tion programs and tax implications on short-term international transfers).
 All other fees include fees billed for company establishment, forensic
accounting, data security, investigations and reviews of licensing arrange-
ments with customers, other consulting services and occasional training
or reference materials and services.
Audit Committee pre-approval policies
and procedures
The Audit Committee of our Board of Directors is responsible,
among other matters, for the oversight of the external auditor
subject to the requirements of Finnish law. The Audit Commit-
tee has adopted a policy regarding pre-approval of audit and
permissible non-audit services provided by our independent
auditors (the “Policy”).
Under the Policy, proposed services either (i) may be pre-
approved by the Audit Committee in accordance with certain
service categories described in appendices to the Policy (“gen-
eral pre-approval”); or (ii) require the specifi c pre-approval
of the Audit Committee (“specifi c pre-approval”). The Audit
Committee may delegate either type of pre-approval author-
ity to one or more of its members. The
appendices to the Policy set out the audit,
audit-related, tax and other services that
have received the general pre-approval of
the Audit Committee. All other audit, audit-
related (including services related to internal
controls and signifi cant M&A projects), tax
and other services are subject to a specifi c
pre-approval from the Audit Committee. All
service requests concerning generally pre-
approved services will be submitted to the
Corporate Controller, who will determine whether the services
are within the services generally pre-approved. The Policy
and its appendices are subject to annual review by the Audit
Committee.
The Audit Committee establishes budgeted fee levels an-
nually for each of the four categories of audit and non-audit
services that are pre-approved under the Policy, namely, audit,
audit-related, tax and other services. Requests or applications
to provide services that require specifi c approval by the Audit
Committee are submitted to the Audit Committee by both the
independent auditor and the Corporate Controller. At each
regular meeting of the Audit Committee, the independent
auditor provides a report in order for the Audit Committee to
review the services that the auditor is providing, as well as the
status and cost of those services.