Statutory Auditor, audit and non-audit fees and services
The following chart presents expenses incurred in
relation to the audit of the separate and consolidated financial statements of
the Company, as well as other services provided by PricewaterhouseCoopers Auditing
Ltd. (PwC) in 2021 and
following the Auditor rotation by Deloitte Auditing and Consulting Ltd. (Deloitte)
in 2022.
_
(in HUF millions) | For the year ended December 31, | |
2021 | 2022 | |
Audit of the financial statements | 392 | 429 |
Other audit related fees | 19 | 6 |
Other non audit related fees | 105 | 27* |
Total expenses payable to PwC and Deloitte | 516 | 462 |
* Services provided by PwC in 2022 Q1 and their fees
Audit of the financial statements is the aggregate fees of PwC and Deloitte in connection with the audit of our annual financial statements and services performed in relation to legal obligations and submissions required by regulatory provisions. Review of the quarterly financial statements is also included, as well as information systems and procedural reviews and testing to understand and place reliance on the systems of internal control.
Other audit related services mainly include other professional auditing services provided by the Auditor beyond the audit of the financial statements, as well as other audit procedure necessary for meeting the reporting requirements arising from the legislation and internal regulations applicable to the Company.
Other non-audit related fees include services provided by PwC and Deloitte such as consultancy fees and organization of conferences and training sessions, in which Magyar Telekom employees also participated.