The statutory audit covers the company’s accounting, financial statements and administration for the financial year. In addition to the annual auditor’s report, the auditors regularly report their auditing observations to the Board of Directors and participate in the meetings of the Board’s Audit Committee.
The company shall have an auditor, which is an auditing organization approved by the Finnish Patent and Registration Office. The term of the auditor expires at the conclusion of the Annual General Meeting following their election.
The company’s Audit Committee prepares a proposal on the auditor and the remuneration of the auditor to the General Meeting. The General Meeting elects the auditor and decides on their remuneration.
PricewaterhouseCoopers Oy acted as the company’s auditor in 2019 with Markku Launis, Authorized Public Accountant, acting as the principal responsible auditor. The audit fees paid to PricewaterhouseCoopers Oy in 2019 totaled EUR 104 thousand