Updated February 16, 2017
The task of statutory auditing is to verify that Fiskars financial statements and Board of Directors’ report provide accurate and adequate information on the company’s results and financial position. In addition, auditing includes an audit of Fiskars accounting and administration. The Company’s Auditors submit the statutory Auditor’s report to the Company’s shareholders in connection with the Company’s financial statements. The Auditors also report their findings to the Board’s Audit Committee on a regular basis and at least once a year to the full Board of Directors.
The Company’s Annual General Meeting elects an Auditor. Proposals to the Annual General Meeting on the election of Auditors shall be made by the Board of Directors based on the proposal by the Board’s Audit Committee. The Auditors are elected for a term that expires at the end of the following Annual General Meeting.
The Annual General Meeting in 2016 re-elected KPMG Oy Ab, Authorized Public Accountants, as Auditors, with Authorized Public Accountant Virpi Halonen having the principal responsibility. KPMG Oy Ab is also responsible for overseeing and coordinating the auditing of all Group companies.
A total of EUR 1.3 million was paid in audit fees to the auditors employed by Group companies in 2016. In addition, a total of EUR 1.1 million was paid to the auditors in fees for other consultancy services related to tax matters and other advisory services.