CSL Ltd Annual Report 2020

Ernst & Young and its related practices received or are due to receive the following amounts for the provision of non-audit services to CSL and its subsidiaries in respect to the year ended 30 June 2020: AUDIT SERVICES – Ernst & Young Australia 2020 US$ 2019 US$ Fees for auditing the statutory financial report of the parent covering the group and auditing the statutory financial reports of any controlled entities 1,851,091 1,374,356 Fees for other assurance and agreed-upon-procedures services under other legislation or contractual arrangements here there is discretion as to whether the service is provided by the auditor or another firm – Sustainability assurance 110,982 64,778 – Agreed upon procedures and other audit engagements 9,749 30,544 Fees for other services Due diligence 375,384 – Remuneration advisory 232,728 186,845 Tax compliance 22,288 – Total fees to Ernst & Young (Australia) 2,602,222 1,656,523 AUDIT SERVICES – Ernst & Young Overseas Member Firms Fees for auditing the statutory financial report of the parent covering the group and auditing the statutory financial reports of any controlled entities 3,649,937 3,469,810 Fees for assurance services that are required by legislation to be provided by the auditor 38,540 13,459 Fees for other assurance and agreed-upon-procedures services under other legislation or contractual arrangements here there is discretion as to whether the service is provided by the auditor or another firm – Agreed upon procedures and other audit engagements 110,806 28,226 Fees for other services 28,463 31,283 Total fees to overseas member firms of Ernst & Young (Australia) 3,827,746 3,542,778 Total audit services 5,771,105 4,981,174 Total non-audit services 658,863 218,128 Total auditor’s remuneration 6,429,968 5,199,301 The role of the Audit & Risk Management Committee of the CSL Board of Directors (ARMC) is to oversee the integrity and quality of half year and full year financial reporting and disclosures. A key responsibility arising from this role is the appointment of the Company’s independent auditor, including the selection, review and evaluation of the audit signing partner(s) and the negotiation of audit fees. In accordance with its Charter and with CSL’s commitment to best practice corporate governance practices, the ARMC regularly reviews the performance of the Company’s independent auditor. Matters considered in reviewing the performance of the Company’s independent auditor in the 2020 financial year included: • the professional qualifications and effectiveness of the auditor, the audit signing partner(s) and other key engagement partners; • the auditor’s historical and recent performance on the Company’s audit, including the extent and quality of their communications with the ARMC; • •an analysis of the auditor’s known legal risks and significant proceedings that may impair its ability to perform CSL’s annual audit; • the appropriateness of the auditor’s fees; • the auditor’s independence policies and its processes for maintaining its independence and objectivity; • the auditor’s tenure as the Company’s independent auditor and its depth of understanding of the Company’s global business, operations and systems, accounting policies and practices, including the potential effect on the financial statements of the major risks and exposures facing the Company, and internal control over financial reporting; and • the auditor’s capability, expertise and efficiency in handling the breadth and complexity of CSL’s global operations. The current audit signing partners for CSL’s auditor, EY, are Mr Rodney Piltz and Ms Kylie Bodenham. In light of EY’s status as CSL’s incumbent auditor since 2002, the ARMC will give consideration to all options available at the next scheduled rotation, including the conduct of a competitive tender process. The next rotation of audit signing partner for EY is scheduled to take place at the conclusion of the 2023 financial year. 17. Rounding The amounts contained in this report and in the financial report have been rounded to the nearest $100,000 (where rounding is applicable) unless specifically stated otherwise under the relief available to CSL under ASIC Corporations Instrument 2016/19. CSL is an entity to which the Instrument applies. CSL Limited Annual Report 2020 66 Directors’ Report