Auditing the accounts

Audits are completed by the auditors elected by the Annual General Meeting. The company has one to three auditors and their deputies. If an auditing firm is selected as an auditor, no deputy is required. All auditors and deputy auditors must be chartered accountants or accounting firms as stipulated in the Auditing Act. In addition, one (1) auditor and one (1) deputy auditor must be an Authorised Public Accountant (KHT) or an Authorised Public Accounting Firm, approved by the Central Chamber of Commerce.

The term of the auditors is one (1) year and ends at the close of the next Annual General Meeting following their appointment.

During the financial period 1 January to 31 December 2013, the company auditors were KPMG Oy Ab, with Kai Salli, Authorised Public Accountant, as principal auditor.

In the statutory annual audit, the auditor inspects the company’s accounts, annual report, financial statement and governance for the period under review. The auditor of the parent company also inspects the consolidated financial statement and relationships between Group companies.