Audit

Last updated: March 4, 2021

The Company must have one Auditor, which is an accounting firm approved by the Auditor Oversight unit of the Finnish Patent and Registration Office. The AGM elects the Company’s Auditor. The AGM 2020 elected the Authorized Public Accountant firm KPMG Oy Ab as the Company’s Auditor. Mr. Henrik Holmbom, APA, has acted as the auditor with principal responsibility. Each subsidiary is subject to local auditing under the local regulations, which is conducted by representatives of the KPMG network in each country. KPMG Oy Ab has acted as the Company’s Auditor since the AGM 2020. During the financial years 2010-2019 the Company’s Auditor was the Authorized Public Accountant firm Ernst & Young Oy and auditors representing it.

Fees paid to the Auditor (MEUR)

  2020 2019
Auditing costs 2.3 2.2
Other consultancy not related to auditing* 0.7 0.5
Total 3.0 2.7

* Such other consultancy services are subject to separate review and approval process concerning the provision of non-audit services by the Auditor and included e.g. advisory in connection with various tax, reporting and other local compliance matters.