The Company’s auditors are elected by the Annual General Meeting for a period of four years. At the Annual General Meeting on 18 May 2011, it was decided that the Company shall have one accounting firm as auditor. KPMG was last elected as MTG’s lead auditors in 2010 and has been external auditors since 1997. Åsa Wirén Linder, authorised public accountant, is responsible for the audit of the Company on behalf of KPMG since December 2012 and replaced George Pettersson, authorised public accountant.
Audit assignments have involved the examination of the annual report and financial accounting, the administration by the Board and the CEO, other tasks related to the duties of a company auditor and consultation or other services which may result from observations noted during such examination or the implementation of such other tasks. All other tasks are defined as other assignments.
The auditors report their findings to the shareholders by means of the auditors’ report, which is presented to the Annual General Meeting. In addition, the auditors report detailed findings at each of the ordinary meetings of the Audit Committee and to the full Board once a year.
KPMG provided certain additional services for the years 2009, 2010 and 2011. These services comprised tax compliance work, advice on accounting issues, and advice on processes and internal controls and other assignments of a similar kind and closely related to the auditing process.
For more detailed information concerning the auditors’ fees, see Note 26 of the notes to the consolidated financial statements.