TomTom 2015 Annual Report Download - page 68

Download and view the complete annual report

Please find page 68 of the 2015 TomTom annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 129

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129

SUPERVISORY BOARD
TOMTOM / ANNUAL REPORT AND ACCOUNTS 2015 / 67
as well as the geographical spread of TomTom offices and the
core activities performed there. In consultation with senior
management, Internal Audit selects the areas of the business to
be audited during the year. Members of the Committee and the
Management Board may at any time request Internal Audit to
carry out an internal audit or special consulting service.
Compliance with the recommendations made in this respect
were observed by the Committee. The Head of Business
Assurance reported each quarter to the Committee.
EY was appointed by the 2015 General Meeting for a term of three
years until 2017. The transition plan which was prepared to
ensure minimal disruption to the business when moving to the
new external auditor, was closely monitored.
The audit plan, including the scope and materiality applied, were
approved by the Committee. The Committee evaluated the
external auditor. Reviews and discussions were held between the
Committee and the Management Board on the findings of the
external auditor in its management letter and the actions taken
by management to address the recommendations and
observations made by the external auditor.
The Committee reviewed the independence of the external
auditor, taking into account qualitative and quantitative factors,
and concluded that EY had sufficient objectivity and
independence to perform the external audit function. Below a
summary is provided of services performed by EY, its network
affiliates and the fees earned.
Breakdown of fees by type of service
(€ in thousands) 20151% of
total
2014 % of
total
Audit - group 360 61% 505 66%
Audit - statutory 155 26% 141 19%
Tax compliance276 13% 117 15%
TOTAL FEES 591 100% 763 100%
1. In 2015 the auditor of the group is Ernst & Young Accountants LLP. (2014:
Deloitte Accountants BV.)
2. Tax compliance comprises foreign tax compliance services, including local tax
filings and HR-related compliance services.