The Company shall have one auditor which is an accounting firm approved by the Finnish Central Chamber of Commerce (APA). The Annual General Meeting elects the Company’s auditor.
PricewaterhouseCoopers Oy (PwC) has been acting as the Company’s auditor since 2008. On March 26, 2015, the Annual General Meeting re-elected PwC as the Company’s auditor. PwC designated Kaj Wasenius, APA, as the Responsible Auditor. The Company’s subsidiaries are subject to local auditing under local regulations which are, with a few exceptions, conducted by representatives of PwC’s network in each country.
On June 12, 2015, PwC designated Authorized Public Accountant Markku Katajisto as the Responsible Auditor.
The fees of the statutory audit for 2015 were EUR 705,000 in total in the Group (EUR 755 thousand in 2014). Other fees charged by PwC amounted to EUR 562,000 in the Group (EUR 1,052,000 in 2014). The other fees mainly consist of tax and audit related services as well as other consulting services.