Auditor’s relationship to the Board of Directors
The auditor participates at the board meeting where the annual accounts are discussed. At this meeting, the Board of Directors is briefed on the annual accounts and any matters of particular concern to the auditor. The auditor has in addition continuous contact with the audit committee according to what is provided above with respect to the committee’s responsibilities.
Auditor’s relationship to the corporate management
Deloitte has been the company’s auditor since 2006. In addition to ordinary auditing, the auditing firm has provided consulting services related to accounting, tax and reporting. Reference is made to Note 19 to the annual accounts.
The corporate management holds regular meetings with the auditor. At this meeting the auditor’s reports on the company’s accounting principles, risk areas, internal control routines, etc., are reviewed.
The auditor’s remuneration is approved by the company’s General Meeting. Notice of how the remuneration breaks down between auditing and other services will be given at the General Meeting.