Audit Committee

The Audit Committee comprises of Jan Svensson (Chairman), Birgitta Klasén and Sofia Schörling Högberg

The duties of the Audit Committee include the continuous quality assurance of ASSA ABLOY’s financial reporting. Regular communication is maintained with the company’s auditor on matters including the focus and scope of the audit. The Audit Committee is also responsible for evaluating the audit assignment and informing the Board of Directors and the Nomination Committee of the results, as well as continuously monitoring the current risk status of legal risks in the operations. The Audit Committee also has the task of supporting the Nomination Committee by providing proposals for the appointment of auditors and auditor fees. The Audit Committee sets guidelines for procurement of services other than audit services from the company´s auditor, but otherwise, the Committee has no decision-making powers. The meetings of the Audit Committee are minuted and a verbal report is given at board meetings.