Auditing

According to the Articles of Incorporation, the Company must have one regular auditor, which must be a firm of Authorized Public Accountants certified by the Central Chamber of Commerce. The proposal to the Annual General Meeting for the Company’s auditor is to be prepared by the Board of Directors. The term of the auditor is to be equal to the financial period of the Company, and the term of the auditor is to end at the end of the ordinary Annual General Meeting of shareholders following the election of the auditor.

The auditor is to provide the statutory auditor’s report to the Company’s shareholders in connection with the financial statements and is to regularly report on its observations to the Board of Directors.

The AGM 2019 appointed Deloitte Oy, Authorized Public Accountants, as the Company’s auditors, with Merja Itäniemi, Authorized Public Accountant, as the principal auditor. The AGM decided that the auditor’s fee is to be paid according to an invoice approved by the Company.

Auditors' fees in 2018–2019, TEUR
20192018
Auditing8945
Other services3012
Total11957