Last updated: May 5, 2020

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 General Meeting elects the Company’s Auditor. The AGM 2020 elected the Authorized Public Accountant firm KPMG Oy Ab as the Company’s Auditor. KPMG Oy Ab has announced that Mr. Henrik Holmbom, APA, is 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.

Ernst & Young Oy has acted as the Company’s Auditor since the AGM 2010 until the AGM 2020. Before the financial year 2010 the Company’s Auditor for several years was the Authorized Public Accountant firm KPMG Oy Ab and auditors representing it.

Fees paid to the Auditor (MEUR)

  2019 2018
Auditing costs 2.2 2.0
Other consultancy not related to auditing* 0.5 0.6
Total 2.7 2.6

* 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.