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 2022: AUDIT SERVICES – Ernst & Young Australia 2022 US$ 2021 US$ Fees for auditing the statutory financial report of the parent covering the group and auditing the statutory financial reports of any controlled entities 2,402,268 1,956,994 Fees for other assurance and agreed-upon-procedures services under other legislation or contractual arrangements where there is discretion as to whether the service is provided by the auditor or another firm – Assurance services over the 144a bond issuance 326,152 – – Sustainability assurance 106,873 66,819 – Agreed-upon procedures and other audit engagements 146,124 90,045 Fees for other services Training 39,000 80,000 Due diligence 150,295 211,449 Remuneration advisory 190,832 357,646 Total fees to Ernst & Young (Australia) 3,361,544 2,762,953 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 3,678,633 3,556,179 Fees for assurance services that are required by legislation to be provided by the auditor 2,721 13,845 Fees for other assurance and agreed-upon-procedures services under other legislation or contractual arrangements where there is discretion as to whether the service is provided by the auditor or another firm – Agreed-upon procedures and other audit engagements 147,474 77,009 Fees for other services 35,127 35,224 Total fees to overseas member firms of Ernst & Young (Australia) 3,863,955 3,682,257 Total audit and other assurance services 6,810,245 5,760,891 Total non-audit services 415,254 684,319 Total auditor’s remuneration 7,225,499 6,445,210 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 2022 financial year included: a. the professional qualifications and effectiveness of the auditor, the audit signing partner(s) and other key engagement partners; b. the auditor’s historical and recent performance on the Company’s audit, including the extent and quality of their communications with the ARMC; c. an analysis of the auditor’s known legal risks and significant proceedings that may impair its ability to perform CSL’s annual audit; d. the appropriateness of the auditor’s fees; e. the auditor’s independence policies and its processes for maintaining its independence and objectivity; f. 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 g. the auditor’s capability, expertise and efficiency in handling the breadth and complexity of CSL’s global operations. The current audit signing partner for CSL’s auditor, Ernst & Young is Ms Kylie Bodenham. In line with an observed trend in many jurisdictions towards a tenure limit for audit firms, CSL completed its competitive external audit tender process during FY2021/22. The Company has recommended the appointment of Deloitte Touche Tohmatsu as the Company’s external auditor commencing for the year ending 30 June 2024, subject to regulatory and shareholder approval. 16. Rounding The amounts contained in this report and in the financial report have been rounded to the nearest hundred thousand dollars (where rounding is applicable) unless specifically stated otherwise under the relief available to the Company under ASIC Corporations Instrument 2016/191. CSL is an entity to which the Instrument applies. Directors’ Report CSL Limited Annual Report 2021/22 68
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