Telstra 2013 Annual Report Download - page 105

NOTES TO THE
FINANCIAL STATEMENTS
(CONTINUED)
FINANCIAL STATEMENTS
Telstra Corporation Limited and controlled entities Telstra Annual Report 2013 103
Other services
Other services comprise audit related fees and non-audit services.
(a) Audit related fees charged by EY 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.
(b) Non-audit services comprise the following:
• tax fees charged by EY that mainly relate to 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 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, 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
2013 2012
$m $m
Audit fees
EY has charged the following amounts for auditing and reviewing the financial reports. . . . . . . . . . . 8.079 8.632
Other services
Audit related (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.374 0.840
Non-audit services (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.515 0.846
Other services provided by EY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.889 1.686