AbbVie 2013 Annual Report Download - page 168

Audit Fees and Non-Audit Fees
The following table presents fees for professional audit services rendered to AbbVie by Ernst &
Young LLP for the year ended December 31, 2013, and fees billed for other services rendered to
AbbVie by Ernst & Young LLP for that period. The table also presents fees for professional audit
services rendered to Abbott by Deloitte & Touche LLP, the member firms of Deloitte Touche
Tohmatsu, Limited, and their respective affiliates (the ‘‘Deloitte Entities’’) for the year ended
December 31, 2012, and fees billed for other services rendered to Abbott by the Deloitte Entities, for
that period. Prior to the separation of AbbVie from Abbott, Abbott paid any audit, audit-related, tax
and other fees of the Deloitte Entities.
2013 2012
(millions) (millions)
Audit fees:(1) ................................................... $8.1 $18.0
Audit related fees:(2) .............................................. 0.0 9.1
Tax fees:(3) ..................................................... 4.9 0.2
All other fees:(4) ................................................. 0.8 1.2
Total ......................................................... $13.8 $28.5
(1) In 2013, Ernst & Young billed or will bill AbbVie for professional services rendered for the audit
of AbbVie’s annual financial statements, the audits of AbbVie’s internal control over financial
reporting, statutory and subsidiary audits, the review of documents filed with the Securities and
Exchange Commission, and certain accounting consultations in connection with the audits. In 2012,
the Deloitte Entities billed Abbott for professional services rendered for the audit of Abbott’s
annual financial statements, the audits of Abbott’s internal control over financial reporting,
statutory and subsidiary audits, the review of documents filed with the Securities and Exchange
Commission, and certain accounting consultations in connection with the audits.
(2) Audit related fees include: accounting consultations and audits in connection with proposed
acquisitions and divestitures, audits of certain employee benefit plans’ financial statements, and, in
2012, audits and audit related services in connection with the separation of AbbVie from Abbott,
including associated filings with the Securities and Exchange Commission.
(3) Tax fees consist principally of professional services for tax compliance and tax planning and advice
including assistance with tax audits and appeals, and tax advice related to mergers and acquisitions.
In 2013, tax fees also include expatriate tax return services provided by Ernst & Young.
(4) In 2013, all other fees represent Independent Review Organization services provided by Ernst &
Young. In 2012, all other fees primarily represent consulting services for an information technology
project engagement Abbott entered with a firm before that firm’s acquisition by a Deloitte Entity
in 2011.
Policy on Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of the
Independent Registered Public Accounting Firm
The audit committee has established policies and procedures to pre-approve all audit and
permissible non-audit services performed by the independent registered public accounting firm and its
related affiliates.
Prior to engagement of the independent registered public accounting firm for the next year’s audit,
management will submit a schedule of all proposed services expected to be rendered during that year
for each of four categories of services to the audit committee for approval.
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