The auditors’ principal duty is to ensure that the financial statements have been prepared in accordance with valid regulations and give a true and fair view of the company’s performance and financial position, as well as other necessary information, to the company’s stakeholders.

Other main targets are to ensure that internal auditing and risk management has been properly organised and that the organisation operates in compliance with instructions and within the framework of issued authorisations. The division of labour between external and internal auditing is organised so that internal auditing ensures that the organisation operates in accordance with the company’s internal guidelines.

In accordance with the Articles of Association, the company must have at least one and no more than two regular auditors. The auditing company must be duly authorised by the Finland Chamber of Commerce. The auditors’ term of office is the current financial period for which they are appointed. The duties of the auditors end at the close of the first Annual General Meeting following the expiration of their term of office.

In 2017, the company had one regular auditor. In the year under review, Elisa’s auditor was KPMG Oy Ab, authorised public accountants, with Mr Toni Aaltonen (APA) serving as the principal auditor.

For the 2017 financial period, the auditing fees of the Finnish group companies totalled EUR 189,000.00, of which the parent company accounted for EUR 124,000.00. The auditing fees for the foreign group companies were EUR 178,090.00.

The auditing firm has been paid fees of EUR 227,445.00 for services not associated with auditing. These services had to do with mergers and acquisitions, tax services, a review of regulation accounting, information security auditing and other expert services.