Auditors

The auditors are appointed by the Annual General Meeting and are charged with reviewing the company’s financial reporting and the Board’s and President’s management of the company.

At the 2018 Annual General Meeting, PricewaterhouseCoopers AB, with Authorised Public Accountant Lennart Danielsson as the Auditor in Charge, was appointed the auditing firm until 2019.

Reporting
The Board supervises the quality of the financial reporting through instructions to the President. Jointly with the CFO and Communications Manager, the President’s assignment is to review and quality-assure all external financial reporting including financial statements, interim reports, annual reports, press releases with financial content and presentation material in connection with meetings with the media, shareholders and financial institutions.

Audit
The rules of procedure decided annually by the Board include detailed instructions on, for example, the financial reports and the type of financial information to be submitted to the Board. In addition to financial statements, interim reports and annual reports, the Board examines and evaluates comprehensive financial information that pertains to the Group as a whole and to the various units included in the Group.
The Board also examines, primarily through the Board’s Audit Committee, the most significant accounting policies applied to the financial reporting by the Group, and significant changes to policies in the reporting. The Audit Committee’s duties also include examining internal and external audit reports regarding internal control and the processes for financial reporting.
The Group’s external auditors report to the Board as required, but at least once a year. At at least one of these meetings, the President and CFO leave after presenting their formal reports to enable Board members to conduct discussions with auditors without the participation of senior executives. The Group’s external auditors also participate at the meetings of the Audit Committee. The Audit Committee reports back to the Board after every meeting. All Audit Committee meetings are minuted and the minutes are available for all Board members and the auditors.

Lennart Danielsson

Authorised Public Accountant, PricewaterhouseCoopers AB