Chosen auditors

At the 2008 AGM, authorised public accountant Alf Svensson was elected as auditor of Nolato and authorised public accountant Camilla Alm Andersson was elected as deputy auditor, both for a mandate period of four years.
Both work for the accountancy company KPMG AB.
Nolato’s auditor is tasked with auditing the annual report and the accounts, as well as the administration of the Board of Directors and the President and CEO. Auditing takes place in accordance with the Swedish Companies Act and the Standards on Auditing in Sweden. The auditor also reviews the remuneration of senior executives and the corporate governance report. The auditor works according to an audit plan. Reports have been submitted to the Board, both during the course of the audit and when adopting the year-end report for 2010 on 1 February 2011. The auditor also participates in the AGM, describing the audit work and observations made in an auditors’ report. Over the course of the year, the auditor has carried out a number of consultancy commissions over and above the audit, relating primarily to auditing and taxation issues.
The external audit is conducted in accordance with generally-accepted auditing practices. Annual reports for legal entities outside Sweden must be audited in accordance with statutory requirements and other applicable rules in the country in question, and in accordance with generally-accepted auditing practices. Nolato’s auditors ­regularly study the approved minutes from ­Nolato’s Board meetings, and also have ongoing access to the monthly reports which the Board receives.