18.11.2012 Views

Annual Report & Accounts 2009 - Anglo Irish Bank

Annual Report & Accounts 2009 - Anglo Irish Bank

Annual Report & Accounts 2009 - Anglo Irish Bank

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

12. Auditors' remuneration (including irrecoverable VAT)<br />

On 1 September <strong>2009</strong> Ernst & Young resigned as auditors of the Group, and on 21 September <strong>2009</strong> Deloitte & Touche were<br />

appointed.<br />

Current auditors:<br />

15 months<br />

ended<br />

31 December<br />

<strong>2009</strong><br />

€m<br />

Statutory audit 1.0<br />

Audit related services 0.2<br />

Other services 1.0<br />

2.2<br />

Other fees for Deloitte & Touche relate primarily to advisory work in respect of the restructuring of the <strong>Bank</strong>, and include all<br />

fees earned since 1 October 2008. Of this amount, €0.3m was earned prior to their appointment as auditors on<br />

21 September <strong>2009</strong>.<br />

15 months Year<br />

ended ended<br />

31 December 30 September<br />

<strong>2009</strong> 2008<br />

€m €m<br />

Former auditors:<br />

Statutory audit 1.4 1.3<br />

Audit related services 0.2 0.5<br />

Other services 0.3 0.4<br />

1.9 2.2<br />

Statutory audit fees charged by Ernst & Young during the current period include fees for additional work performed in respect<br />

of the 2008 audit and fees in respect of their review of the <strong>Bank</strong>'s <strong>2009</strong> Interim <strong>Report</strong>.<br />

The Audit Committee has reviewed the level of fees and is satisfied that it has not affected the independence of the auditors.<br />

Audit related and other services fees are primarily in respect of tax compliance and advice and letters of comfort. Auditors'<br />

remuneration is included within administrative expenses.<br />

<strong>Anglo</strong> <strong>Irish</strong> <strong>Bank</strong><br />

<strong>Annual</strong> <strong>Report</strong> & <strong>Accounts</strong> <strong>2009</strong><br />

73

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!