C32. Remuneration to audit firms
The following remuneration from audit firms was expensed for audits and other reviews based on applicable legislation and for advice and other assistance resulting from observations in the reviews. Remuneration was also expensed for independent advice, using group auditors or other audit firms, in the fields of Tax/Law and Corporate Finance as well as other consulting services. Audit fees to other audit firms refer to subsidiaries not audited by the group auditors. Auditors are elected by the Annual General Meeting.
Deloitte AB was re-elected at the Annual General Meeting on April 12, 2016, as Telia Company AB’s independent auditor (group auditor) for a one-year term. The audit of the consolidated financial statements has been carried out throughout the year since the election. No separate renumeration has been expensed for the review of interim financial statements.
SEK in millions |
Jan–Dec 2016 |
Jan–Dec 2015 |
Remuneration expensed, continuing and discontinued operations |
||
Deloitte |
||
Audits |
40 |
46 |
Audit-related services |
3 |
3 |
Tax services |
1 |
1 |
All other services |
22 |
17 |
Total Deloitte |
65 |
67 |
EY |
||
Audits |
1 |
1 |
Audit-related services |
0 |
– |
Tax services |
1 |
1 |
All other services |
10 |
3 |
Total EY |
13 |
6 |
KPMG |
||
Audits |
0 |
1 |
Audit-related services |
– |
1 |
Tax services |
6 |
8 |
All other services |
3 |
11 |
Total KPMG |
9 |
21 |
PwC |
||
Audits |
0 |
0 |
Audit-related services |
– |
– |
Tax services |
16 |
5 |
All other services |
9 |
4 |
Total PwC |
26 |
9 |
Other audit firms |
||
Audits, audit-related services |
0 |
0 |
Tax services and all other services |
– |
– |
Total other audit firms |
0 |
0 |
Total remuneration expensed |
112 |
102 |
Total remuneration |
112 |
102 |
Within the provisions of Swedish legislation, the Audit Committee of the Board of Directors of Telia Company AB is responsible, among other matters, for the oversight of Telia Company’s independent auditors. The Board of Directors has adopted a policy regarding pre-approval of audit-related services and permissible non-audit services provided by audit firms.