Lemminkäinen Corporation's auditor and the auditing fees
Lemminkäinen has one auditor, which must be a firm of authorised public accountants approved by Finlands Central Chamber of Commerce. The Annual General Meeting elects the auditor for a term of office that runs until the end of the following Annual General Meeting.
The scope of the audit encompasses the Groups accounting, administration, Financial Statements and Board of Directors Report for each accounting period. The Auditor makes regular reports to the Audit Committee and submits an Auditors Report to the Annual General Meeting.
The Auditors Report contains a statement as to whether the Financial Statements and the Board of Directors Report give a true and fair view, as defined in the rules governing financial reporting, of the Groups operative result and financial position, and as to whether the information contained in the Board of Directors Report is consistent with the Financial Statements. The auditors fee is paid annually on the basis of an invoice, in accordance with the Annual General Meetings decision.
PricewaterhouseCoopers Oy, a firm of authorised public accountants, has been Lemminkäinens auditor since 2004. Kim Karhu has been chief auditor since 2011. In 2010, Lemminkäinen invited bids from firms of authorised public accountants.
In 2012, Lemminkäinen paid its auditor EUR 562,441 (2011: EUR 614,796) in auditing fees and EUR 473,201 in consultancy fees (EUR 269,601).