The primary purpose of the audit is to confirm that the financial statements give a true and fair view of the company’s financial performance and financial position. In addition, the auditor inspects the legality of the company’s administration.
The auditor is elected each year at the Annual General Meeting for a term that ends at the conclusion of the next Annual General Meeting. The proposal for the selection of the auditor is prepared by the Audit Committee, or by the shareholders having at least 10% of the company’s votes, and it will be published in the Notice of Meeting. The Audit Committee is responsible for monitoring the audit and evaluating the independence of the auditor and the provision of related services to the company.
The fees paid to the auditor as well as the fees paid for non-audit services, if any, are reported in the Annual Report and on the company’s website.
