According to the Articles of Association, MTG shall have no more than three auditors with up to three deputy auditors. A registered accounting firm may be elected as auditor. The auditor’s term of office shall last until the end of the Annual General Meeting that is held during the first, second, third or fourth financial year after the auditor was elected.
At the 2021 Annual General Meeting, KPMG was re-elected as auditor until the end of the Annual General Meeting 2022. Authorized Public Accountant Helena Nilsson was appointed as auditor-in-charge. KPMG has been the Company’s external auditors since 1997.
The audit assignment involves 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 that may result from observations noted during such examination or the implementation of such other tasks. All other tasks are defined as other assignments. The auditor reports its findings to the shareholders by means of the Auditor Report, which is presented to the Annual General Meeting. In addition, the auditor reports detailed findings at each of the ordinary meetings of the Audit Committee and to the full Board as necessary.
For further information concerning the auditor’s work and fees, reference is made to the 2020 Annual Report (the Governance and Responsibilities section and Note 27).