Audit Committee

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The audit board consists of Chairman of the board Ulf Wiinberg, Chairman of the board, Per Olof Wallström and also board participant Birgit Stattin Norinder. The key purpose of the committee is to supervise Hansa Medical’s accountancy as well as financial coverage procedures as well as the audits of the monetary statements.

As part of its responsibilities, the board reviews each year the independent auditor’s suggested audit scope and strategy, reviews ahead of time proposed modifications in bookkeeping concepts and changes to financial declarations that influence financial coverage, consults with monitoring as well as our independent auditor concerning conformity with regulations and guidelines connecting to economic issues, and also assesses yearly the payment of our independent auditor.

The audit commitee has the adhering to trick responsibilities:

  • display Hansa Medical’s economic reporting for conformity with guidelines appropriate for companies whose shares have actually been confessed to trading on a controlled market;
  • in respect of the economic coverage, keep an eye on the efficiency of Hansa Medical’s internal controls, inner audits and danger administration;
  • keep itself notified relating to audit of the annual report as well as group accounts;
  • with contacts with Hansa Medical’s auditor or otherwise maintain itself informed of adjustments in suitable accountancy and reporting policies and also requirements as well as various other appropriate regulations as well as review with Hansa Medical’s auditor how such changes will affect the business,
  • review as well as monitor the impartiality as well as freedom of the auditor and, in combination therewith, pay unique attention to whether the auditor supplies Hansa Medical with services other than auditing solutions;
  • be accountable for developing procedures to enable the audit board to report to the board of directors an analysis of the business’s inner controls over its economic reporting;
  • routinely meet the external auditor to comprehend the level and focus of the audit and also to go over coordination between external audit as well as internal testimonial procedures as well as assessment of threats, a minimum of one of these conferences to be held without presence of CEO, CFO or other member of the Hansa Medical’s monitoring;
  • make a decision guidelines pertaining to which solutions besides auditing that the outside auditor may provide to Hansa Medical;

Examine the exterior auditor’s work and notify the election committee, or if appropriate the unique auditor nomination board, of the outcome of the evaluation; as well as aid the election committee in its job to prepare an election of external auditor for election at the annual basic conference and a proposal regarding commission to the exterior auditor.

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