Audit

The auditor has an important role as a controlling body appointed by the shareholders. The audits give shareholders an independent opinion on how the financial statements and report by the Board of Directors of the Company have been drawn up and the accounting and administration of the Company have been managed. The auditor elected at the Annual General Meeting is KPMG Oy Ab, authorized public accountants, with Lasse Holopainen, Authorized Public Accountant, acting as the auditor with principal responsibility. In addition to his duties under the valid regulations, he reports all audit findings to the Group’s management.

The Group’s audit fees in 2016 amounted to EUR 437,000 (2015: EUR 537,000). The fees paid to the authorized public accountants for other services totaled EUR 739,000 (EUR 347,000).