Telus 2012 Annual Report Download - page 34

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34
Audit, audit-related and non-audit services
All requests for non-prohibited audit, audit-related and non-audit services provided by
TELUS’ external auditor and its affiliates to TELUS are required to be pre-approved by
the Audit Committee of TELUS’ Board of Directors. To enable this, we have
implemented a process by which all requests for services involving the external auditor
are routed for review by the VP Risk Management and Chief Internal Auditor to validate
that the requested service is a non-prohibited service and to verify that there is a
compelling business reason for the request. If the request passes this review, it is then
forwarded to the Chief Financial Officer for further review. Pending the Chief Financial
Officer’s affirmation, the request is then presented to the Audit Committee for its review,
evaluation and pre-approval or denial at its next scheduled quarterly meeting. If the
timing of the request is urgent, it is provided to the Audit Committee Chair for his or her
review, evaluation and pre-approval or denial on behalf of the Audit Committee (with the
full committee’s review at the next scheduled quarterly meeting). Throughout the year,
the Audit Committee monitors the actual versus approved expenditure for each of the
approved requests.
The following table is a summary of billing by Deloitte LLP, as external auditors of
TELUS, during the period from January 1, 2012 to December 31, 2012:
Type of work Deloitte LLP %
Audit fees
(1)
$3,330,300 95.8
Audit-related fees
(2)
$140,000 4.0
Tax fees
(3)
$7,810 0.2
All other fees -- --
Total $3,478,110 100.0
(1) Audit fees include fees for services rendered by the external auditors in
relation to the audit and review of our financial statements and in connection
with our statutory and regulatory filings.
(2) Audit-related fees include fees for services rendered by the external auditors
in relation to performing the audit of, or reviewing financial statements, that
were not part of audit fees. These include internal control reviews and
consulting on financial accounting and reporting standards.
(3) Tax fees relate to tax compliance, tax advice and tax planning.
The following table is a summary of billing by Deloitte LLP, as external auditors of
TELUS, during the period from January 1, 2011 to December 31, 2011:
Type of work Deloitte LLP %
Audit fees
(1)
$3,470,547 95.1
Audit-related fees
(2)
$161,000 4.4
Tax fees
(3)
$18,001 0.5
All other fees -- --
Total $3,649,548 100.0
(1) Audit fees include fees for services rendered by the external auditors in
relation to the audit and review of our financial statements and in connection
with our statutory and regulatory filings.
(2) Audit-related fees include fees for services rendered by the external auditors
in relation to performing the audit of, or reviewing financial statements, that
were not part of audit fees. These include internal control reviews and
consulting on financial accounting and reporting standards.
(3) Tax fees relate to tax compliance, tax advice and tax planning.