Please answer the given financial question based on the context.
Context: ||2019|Percentage of Total Fees|2018|Percentage of Total Fees|
|Audit Fees|||||
|Statutory Audit, Certification, Audit of Individual and Consolidated Financial Statements|4,105,000|95.2%|4,556,500|96.3%|
|Audit-Related Fees|209,005|4.8%|173,934|3.7%|
|Non-audit Fees|||||
|Tax Fees|—|—|—|—|
|All Other Fees|—|—|—|—|
|Total|4,314,005|100.0%|4,730,434|100%|
Audit Fees consist of fees billed for the annual audit of our Company’s Consolidated Financial Statements, the statutory audit of the financial statements of the Company’s subsidiaries and consultations on complex accounting issues relating to the annual audit. Audit Fees also include services that only our independent external auditor can reasonably provide, such as comfort letters and carve-out audits in connection with strategic transactions.
Audit-related services are assurance and related fees consisting of the audit of employee benefit plans, due diligence services related to acquisitions and certain agreed-upon procedures.
Tax Fees include fees billed for tax compliance services, including the preparation of original and amended tax returns and claims for refund; tax consultations, such as assistance in connection with tax audits and expatriate tax compliance.
Question: What is Audit Fees?
Answer:
Audit Fees consist of fees billed for the annual audit of our Company’s Consolidated Financial Statements, the statutory audit of the financial statements of the Company’s subsidiaries and consultations on complex accounting issues relating to the annual audit.