Our consolidated financial statements for fiscal year 2009 were audited by PwC. The appointment of the independent auditors for fiscal year 2009 was carried out in accordance with the appropriate procedures by taking into account both the independence and qualification of the independent auditors.
PRINCIPAL ACCOUNTANT FEES AND SERVICES The following table summarizes the aggregate fees billed to us by PwC in 2007, 2008 and 2009, respectively:
Audit Fees
Year Ended December 31
2007
2008
2009
(In Rp Million)
Audit Fees
53,500
51,000
49,640
Tax Fees
-
-
332(2)
All Others Fees
275,6(1)
-
500
(1) the fees paid for Auditing Standard 105 (AS 5) training conducted by PwC, which exclude Value Added Tax of 10%. (2) the fees paid for tax compliance service for TII, provided by PwC, which exclude Value Added Tax of 10%.
AUDIT COMMITTEE PRE-APPROVAL POLICIES AND PROCEDURES We have adopted pre-approval policies and procedures under which all non-audit services provided by its independent public accounting firm must be pre-approved by our audit committee as set forth in the audit committee’s charter. Pursuant to the charter, permissible non-audit services may be performed by our independent registered public accounting firm provided that: (a) our BoD must deliver to the Audit Committee (through the BoC) a detailed description of the non-audit service that is to be performed by the independent public accounting firm; and (b) the Audit Committee will determine whether the proposed non-audit service will affect the independence of our independent public accounting firm or would give rise to any conflict of interest.
Consistent with Section 10(i) (1) (B) of the Exchange Act paragraph (c)(7)(i)(C) of Rule 2-01 Regulation S-X issued there under, the charter of our audit committee waives the pre-approval requirement for permissible non-audit services (x) where the aggregate amount of the fees for such non-audit services constitutes no more than five percent of the total amount of fees paid by us to our independent registered public accounting firm during the fiscal year in which the services are provided or (y) the proposed services are not regarded as non-audit services at the time the contract to perform the same is signed. In either case, the performance of such non-audit services must subsequently be approved either by a member of the Audit Committee who has been delegated pre-approval authority by the full Audit Committee or by the full Audit Committee itself.
Posted on June 02, 2010 Source: TELKOM 2009 Annual Report (filed to Bapepam-LK on April 08, 2010)
