Siemens 2008 Annual Report Download - page 308

212 Notes to Consolidated Financial Statements
(in millions of €, except where otherwise stated and per share amounts)
40 Remuneration
The Compensation Report outlines the principles used for determining the compensation of the Managing
Board of Siemens AG and sets out the level and structure of Managing Board remuneration. In addition, the
report describes the policies and levels of compensation paid to Supervisory Board members and gives details
of stock ownership by members of the Managing and Supervisory Boards.
The Compensation Report is presented within the Corporate Governance Report, included in this Annual Report
for scal year 2008 beginning on page 32.
41 Principal accountant fees and services
Fees related to professional services rendered by the Company’s principal accountant, KPMG AG Wirtschafts-
prüfungsgesellschaft (KPMG), for the scal years 2008 and 2007 were as follows:
In the above table, “audit fees” are the aggregate KPMG fees for professional services in connection with the
audit of the Company’s annual consolidated nancial statements including the effectiveness of the Company’s
internal control over nancial reporting, opening balance sheet audits, reviews of interim nancial statements,
as well as audits of statutory nancial statements of Siemens AG and its subsidiaries. “Audit-related fees” are
fees for due diligence engagements related to acquisitions and carve-outs, including consultation in accounting
matters, post-closing audits, carve-out audits and attestation services in the context of carve-outs, accounting
advice on actual or contemplated transactions or events, advice on the introduction and review of new or revised
accounting guidelines and requirements, training regarding accounting-related topics, advice on the transition
to accounting according to IFRS, advice in the eld of nancial risk management, comfort letters, employee ben-
et plan audits, SAS 70 reports, IT system audits that are not part of the annual audit, attestation services sub-
ject to regulatory requirements, including regulatory advice, work related to the investigation by the state prose-
cutor's ofce and Debevoise & Plimpton, attestation and audits in connection with the European Community
Directive on Waste Electrical and Electronic Equipment, audits in connection with liquidation and insolvency
issues, attestation of compliance with provisions or calculations required by agreements, agreed-upon proce-
dures engagements in accordance with applicable standards and voluntary audits and reviews of stand-alone
nancial statements of subsidiaries. “Tax fees” are fees for the preparation of tax returns, assistance with assess-
ing compliance with certain tax regulations, support in tax audits and other inquiries by scal authorities, tax
advice associated with transfer prices, tax advice relating to indirect tax and custom duties, tax advice and con-
sultation relating to claiming and utilization of investment grants, premiums, subsidies, tax credits etc., payroll
tax services, training regarding tax-related issues and support with the harmonization of the tax planning and
reporting process. “All other fees” for scal 2008 and 2007 are primarily fees for additional services relating to
the Com carve-out in the regional companies.
Year ended
September 30,
(€ in millions) 2008 2007
Type of Fees
Audit Fees 50.7 55.3
Audit-Related Fees 14.6 18.4
Tax Fees 2.6 4.8
All Other Fees 0.5 8.5
Total 68.4 87.0