XML 420 R16.htm IDEA: XBRL DOCUMENT v3.20.4
Auditor's remuneration
12 Months Ended
Dec. 31, 2020
Auditor's remuneration  
Auditor's remuneration

6 Auditor’s remuneration

Amounts payable to NatWest Group's auditors for statutory audit and other services are set out below. All audit-related and other services are approved by the Group Audit Committee and are subject to strict controls to ensure the external auditor’s independence is unaffected by the provision of other services. The Group Audit Committee recognises that for certain assignments, the auditors are best placed to perform the work economically; for other work, NatWest Group selects the supplier best placed to meet its requirements. NatWest Group’s auditors are permitted to tender for such work in competition with other firms where the work is permissible under audit independence rules.

 

 

 

 

 

 

 

 

    

2020

    

2019

    

2018

 

 

£m

 

£m

 

£m

Fees payable for :

 

 

 

 

 

 

- the audit of NatWest Group’s annual accounts (1)

 

4.7

 

3.8

 

3.5

- the audit of NatWest Group plc’s subsidiaries (1)

 

30.6

 

25.7

 

27.5

- audit-related assurance services (1,2)

 

4.7

 

3.2

 

2.9

Total audit and audit-related assurance services fees

 

40.0

 

32.7

 

33.9

 

 

 

 

 

 

 

Other assurance services

 

0.6

 

1.2

 

1.3

Corporate finance services (3)

 

0.4

 

0.6

 

0.2

Total other services

 

1.0

 

1.8

 

1.5

 

Notes:

(1)

The 2020 audit fee was approved by the Group Audit Committee. At 31 December 2020, £23 million has been billed and paid in respect of the 2020 NatWest Group audit fees.

(2)

Comprises fees of £1.1 million (2019 - £1.1 million) in relation to reviews of interim financial information, £3.2 million (2019 - £1. 4 million) in respect of reports to NatWest Group’s regulators in the UK and overseas, and £0.4 million (2019 - £0.7 million) in relation to non-statutory audit opinions.

(3)

Comprises fees of £0.4 million (2019 - £0.6 million) in respect of work performed by the auditors as reporting accountants on debt and equity issuances undertaken by NatWest Group.