Lemminkäinen Corporation's auditor and the auditing fee for 2010
The scope of the audit encompasses the accounting records, financial statements, report of the Board of Directors and corporate governance of the Company for each accounting period. The Auditor reports regularly to the Audit Committee of the Board of Directors and submits an Auditors’ Report to the Annual General Meeting.
The Auditors’ Report contains a statement as to whether the financial statements and the report of the Board of Directors give a true and fair view, as defined in the pertinent rules governing financial reporting, of the Company’s result of operations and financial position, and as to whether the information contained in the report of the Board of Directors for the accounting period and in the financial statements are consistent.
In 2010, Lemminkäinen invited bids from firms of authorised public accountants. Based on the result of the bids, the 2011 Annual General Meeting resolved, in accordance with the proposal of the Board of Directors, on re-election of PricewaterhouseCoopers Oy, a firm of authorised public accountants, who have announced that Kim Karhu will serve as the responsible auditor.
The auditor’s fee is paid annually as invoiced in accordance with the resolution of the general meeting.
In 2010 Lemminkäinen Corporation’s auditors were paid EUR 857,347 (729,891) for their auditing work and EUR 389,107 (55,658) in consulting fees.
Updated 13.5.2011