At the 2019 Annual General Meeting, PricewaterhouseCoopers (PwC) was re-appointed as the company’s external auditor up to the end of the 2020 Annual General Meeting. In connection with the 2019 Annual General Meeting, PwC notified that the authorized public accountant Bo Karlsson would remain the auditor in charge. In addition to ASSA ABLOY, Bo Karlsson, born 1966, is responsible for auditing SKF, Scania and Investment AB Latour.

PwC has been the Group’s auditor since its formation in 1994. PwC submits the audit report for ASSA ABLOY AB, the Group and a large majority of the subsidiaries worldwide. The audit of ASSA ABLOY AB also includes the administration by the Board of Directors and the CEO. The auditor in charge attends all Audit Committee meetings as well as the February board meeting, at which he reports his observations and recommendations concerning the Group audit for the year.

The external audit is conducted in accordance with International Standards in Auditing (ISA), and generally accepted auditing standards in Sweden. The audit of the financial statements for legal entities outside Sweden is conducted in accordance with statutory requirements and other applicable rules in each country. In 2019 ASSA ABLOY decided to initiate procurement of audit services to prepare for the appointment of an external auditor at the 2020 Annual General Meeting.

For information about the fees paid to auditors and other assignments carried out in the Group in the past three financial years, see Annual Report 2018 Note 3 and the Annual Report for 2017, Note 3.

The auditor’s address is PricewaterhouseCoopers AB, 113 97 Stockholm, Sweden.