The audit plays an important role as the auditing body appointed by the shareholders. It provides shareholders with an independent statement on how the company's accounts, financial statements and administration have been managed.
The main task of the statuatory audit is to confirm that the financial statements give a true and fair view of the company's financial performance and position for the period ended. Tecnomen has one auditor. The auditor reports to the Board of Directors in conjunction with each interim report and issues an auditor's statement to shareholders as part of the annual financial statements.The auditor's term of office corresponds to the company's financial year, expiring at the close of the Annual General Meeting following election.
Tecnomen's auditor in the 2007 financial year was KPMG Wideri Oy Ab, and the principal auditor was Sixten Nyman, Authorised Public Accountant.
The auditors' fees paid by Tecnomen Group for the 2007 financial year totalled EUR 118 952. In addition, the auditors were paid a further EUR 190 887 in fees for other services.