Telstra 2012 Annual Report Download - page 135
Download and view the complete annual report
Please find page 135 of the 2012 Telstra 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.-
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 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
 |
 |
Telstra Corporation Limited and controlled entities
105
Notes to the Financial Statements (continued)
Other services
Other services comprise audit related fees and non-audit services.
Audit related fees charged by Ernst & Young (EY) amounted to
$0.840 million (2011: $0.396 million) and are for services that are
reasonably related to the performance of the audit or review of our
financial statements and other assurance engagements. These
services include assurance services over debt raising
prospectuses, additional control assessments, various accounting
advice and additional audit services related to our controlled
entities.
Non-audit services of $0.846 million (2011: $6.717 million) comprise
the following:
• tax fees charged by EY which mainly relate to tax advisory and
income tax return services; and
• other services that relate to all additional services performed by
EY, other than those disclosed as auditing and reviewing the
financial reports, audit related and tax. These services include
various reviews and non assurance services across the Group,
including risk assessments and IT environment related projects.
We have processes in place to maintain the independence of the
external auditor, including the level of expenditure on non-audit
services. EY also has specific internal processes in place to ensure
auditor independence.
The Audit Committee approves the recurring audit and non-audit
fees. The provision of additional audit and non-audit services by EY
must be approved by either the Chief Financial Officer (CFO), the
Chairman of the Audit Committee or the Audit Committee,
depending upon the fees involved, if not covered by the Audit
Committee pre-approval, subject to confirmation by both
management and EY that the provision of these services does not
compromise auditor independence. Our auditor independence
guidelines clearly identify prohibited services. All additional EY
engagements approved are reported to the Audit Committee at the
next meeting.
8. Remuneration of auditors
Telstra Group
Year ended 30 June
2012 2011
$m $m
Audit fees
Ernst & Young has charged the following amounts for auditing and reviewing the financial reports . . . . . 8.632 8.309
Other services
Other services provided by Ernst & Young in their own right. . . . . . . . . . . . . . . . . . . . . . . . . 1.686 7.113