CSL Ltd Annual Report 2021

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 2021: AUDIT SERVICES – Ernst & Young (Australia) 2021 US$ 2020 US$ 3 Fees for auditing the statutory financial report of the parent covering the group and auditing the statutory financial reports of any controlled entities 1,956,994 1,841,091 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 66,819 110,982 – Agreed upon procedures and other audit engagements 90,045 9,749 Fees for other services Subsidiaries directors’ training 80,000 – Due diligence 211,449 375,384 Remuneration advisory 357,646 232,728 Tax compliance – 22,288 Total fees to Ernst & Young (Australia) 2,762,953 2,592,222 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 3,556,179 3,649,937 Fees for assurance services that are required by legislation to be provided by the auditor 13,845 13,322 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 77,009 146,024 Fees for other services 35,224 34,463 Total fees to overseas member firms of Ernst & Young (Australia) 3,682,257 3,843,746 Total audit services 5,760,891 5,771,105 Total non-audit services 684,319 664,863 Total auditor’s remuneration 6,445,210 6,435,968 The role of the Audit and 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 2021 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. The next rotation of audit signing partner for Ernst & Young is scheduled to take place at the conclusion of the 2023 financial year. In accordance with best practice, CSL has decided to undertake a competitive external audit tender process during the 2022 financial year. 16. 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. 3 T here were changes to the classification of two prior year non-audited services, which has resulted in changes to the amounts reported in the 2020 Directors’ Report and accompanying financial statements. CSL notes that the changes are immaterial however wish to disclose the changes as a matter of full disclosure. CSL Limited Annual Report 2020/21 72 Directors’ Report