BT 2011 Annual Report Download - page 117

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114
7. Audit and non-audit services
The following fees for audit and non-audit services were paid or are payable to the company’s auditors, PricewaterhouseCoopers LLP, for
the three years ended 31 March 2011.
2011 2010 2009
Year ended 31 March £000 £000 £000
Audit services
Fees payable to the company’s auditor and its associates for the audit of parent company
and consolidated financial statements 2,842 2,585 2,831
Non-audit services
Fees payable to the company’s auditor and its associates for other services:
– The audit of the company’s subsidiaries pursuant to legislation 4,636 4,732 4,675
– Other services pursuant to legislation 1,405 867 1,211
– Tax services 1,156 792 1,247
– Services relating to corporate finance transactions – – 32
– All other services 857 941 887
10,896 9,917 10,883
Audit services – represent fees payable for services in relation to the audit of the parent company and the consolidated financial statements
and also includes fees for reports under section 404 of the US Public Company Accounting Reform and Investor Protection Act of 2002
(Sarbanes-Oxley).
The audit of the company’s subsidiaries pursuant to legislation – represents fees payable for services in relation to the audit of the financial
statements of subsidiary companies.
Other services pursuant to legislation – represent fees payable for services in relation to other statutory filings or engagements that are
required to be carried out by the appointed auditor. In particular, this includes fees for audit reports issued on the group’s regulatory
financial statements and comfort letters associated with the group’s US debt shelf registration.
Tax services – represent fees payable for tax compliance and advisory services.
Services relating to corporate finance transactions – represent fees payable in relation to due diligence work completed on acquisitions and
disposals.
All other services – represent fees payable for non-regulatory reporting on internal controls and other advice on accounting or financial
matters.
The audit fee of the company was £41,000 (2010: £41,000, 2009: £41,000).
In order to maintain the independence of the external auditors, the Board has determined policies as to what non-audit services can be
provided by the company’s external auditors and the approval processes related to them. Under those policies, work of a consultancy nature
will not be offered to the external auditors unless there are clear efficiencies and value-added benefits to the company. In this context,
non-audit services in the ordinary sense of the words are considered to be those services that are not pursuant to legislation. As a
proportion of the total fees this represents 18% of the total fees in 2011 (2010: 17%, 2009: 20%).
FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
OVERVIEWBUSINESS REVIEWFINANCIAL REVIEWREPORT OF THE DIRECTORSFINANCIAL STATEMENTSADDITIONAL INFORMATION