Under Evli’s articles of association, a General Meeting elects the auditor. According to the articles of association, the company shall have one (1) auditor and one (1) deputy auditor or alternatively the auditor can be one (1) approved firm of auditors. All auditors must be authorized by the Finnish Central Chamber of Commerce or must be an authorized firm of auditors. The auditors’ duties shall terminate at the end of the Annual General Meeting that follows the election.
Evli’s auditor is PricewaterhouseCoopers Oy, whose principally responsible auditor is Jukka Paunonen, Authorized Public Accountant. The auditor provides a statutory audit report for the company’s shareholders as part of the company’s annual financial statements.
The purpose of an audit is to ensure that Evli Bank’s financial statements and Board of Directors’ report provide a true and fair view of the company’s result and financial position. In addition, the audit includes an inspections of Evli’s accounting and administration. The statutory auditor’s report is sent to shareholders together with the company’s financial statements. The auditors regularly report on their observations to the audit committee and at least once a year to the Board of Directors.
In 2016 the auditing firm was paid EUR 274,050.52. The fees for
auditing came to EUR 247,496.57, and the fees for advisory services unconnected with auditing were EUR 26,553.95. From time to time, the company also purchases consultation services from the auditing firm. The independence of this work from the audit is assessed by the Board of Directors.
Updated: March 14, 2017