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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 (PwC) as follows:
(in HUF millions) | For the year ended December 31, | |
2020 | 2021 | |
Audit of the financial statements | 388 | 392 |
Other audit related fees | 16 | 19 |
Other non audit related fees | 83 | 105 |
Total expenses payable to PwC | 487 | 516 |
Audit of the financial statements is the aggregate fees of PwC 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 relevant legislation and internal regulations.
Other non-audit related fees are fees of PwC primarily related to consulting services and services like participation by Magyar Telekom employees in conferences and training sessions organized by PwC.