Audit

The primary duty of statutory auditing is to verify that the financial statements give correct and sufficient information about the Group’s profit and financial situation for the financial year. Etteplan Oyj’s financial year is the calendar year. The auditor is responsible for auditing the Company’s accounts and the correctness of its financial statements during the financial year, and for issuing an auditor’s report to the Annual General Meeting. The auditor is also responsible for carrying out the assurance of the Company's sustainability reporting.

A summary of the Group's audit report is compiled for the Board of Directors. Also, the auditors of all Group companies report separately to the management of each company within the Group. KPMG Oy Ab will also carry out the assurance of the Company's sustainability reporting for the financial period 2024 in accordance with the transitional provision of the act changing the Limited Liability Companies Act (1252/2023). The auditor attends at least one meeting of the Board of Directors in the relevant financial year.

The Annual General Meeting elects one or two auditors to audit corporate governance and accounts. At least one of the auditors must be a firm of independent public accountants so authorized by the Central Chamber of Commerce. The Annual General Meeting held on April 9, 2024 elected KPMG Oy Ab, a firm of authorized public accountants, with Kim Järvi acting as Chief Auditor. The auditor’s term ends at the conclusion of the first Annual General Meeting after the election.

According to the resolution made by the Annual General Meeting 2024 the fees for the auditor are paid according to invoice approved by the Company.

The audit fees paid to KPMG companies in 2024 totalled EUR 156,188  (in 2023: EUR 147,955). In addition, EUR 16,797 was paid for mandatory assurance services. EUR 97,392 was paid to the firm for services not related to auditing (in 2023: EUR 51,717). EUR 78,677 was paid to KPMG Oy Ab for non-audit services which does not exceed the 70 percent cost limit set for non-audit services.