Toyota 2015 Annual Report Download - page 135

ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES
PricewaterhouseCoopers Aarata has audited the financial statements of Toyota included in this annual report
on Form 20-F.
The following table presents the aggregate fees for professional services and other services rendered by
PricewaterhouseCoopers Aarata and the various network and member firms of PricewaterhouseCoopers to
Toyota in fiscal 2015 and fiscal 2016.
Yen in millions
2015 2016
Audit Fees(1) ............................................................... 4,208 4,786
Audit-related Fees(2) ......................................................... 127 167
Tax Fees(3) ................................................................ 494 586
All Other Fees(4) ............................................................ 532 251
Total ..................................................................... 5,361 5,790
(1) Audit Fees consist of fees billed for the annual audit services engagement and other audit services, which
are those services that only the external auditor reasonably can provide, and include the services of annual
audit, quarterly reviews and assessment and reviews of the effectiveness of internal controls over financial
reporting of Toyota and its subsidiaries and affiliated companies; the services associated with SEC
registration statements or other documents issued in connection with securities offerings such as comfort
letters and consents; and consultations as to the accounting or disclosure treatment of transactions or events.
(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 its financial statements or that are traditionally performed by the
external auditor, and mainly include services such as due diligence; agreed-upon or expanded audit
procedures; internal control reviews and assistance; review of the information system; and financial
statement audits of employee benefit plans.
(3) Tax Fees include fees billed for tax compliance services, including services such as tax planning, advice and
compliance of federal, state, local and international tax; the review of tax returns; assistance with tax audits
and appeals; tax-only valuation services including transfer pricing and cost segregation studies; expatriate
tax assistance and compliance.
(4) All Other Fees primarily include fees billed for risk management advisory services of assessment and
testing of security infrastructure controls; services providing information related to automotive market
conditions; IT advisory services; and other advisory services.
Policies and Procedures of the Audit & Supervisory Board
Below is a summary of the current policies and procedures of the audit & supervisory board for the
pre-approval of audit and permissible non-audit services performed by Toyota’s independent public accountants.
Under the policy, the Representative Directors submit a request for general pre-approval of audit and
permissible non-audit services for the following fiscal year, which shall include details of the specific services
and estimated fees for the services, to the audit & supervisory board, which reviews and determines whether or
not to grant the request by the end of March of the fiscal year. Upon the general pre-approval of the audit &
supervisory board, the Representative Directors are not required to obtain any specific pre-approval for audit and
permissible non-audit services so long as those services fall within the scope of the general pre-approval
provided.
The audit & supervisory board makes a further determination of whether or not to grant a request to revise
the general pre-approval for the applicable fiscal year if such request is submitted by the Representative
Directors. Such request may include (i) adding any audit or permissible non-audit services other than the ones
130