At the 2017 Annual General Meeting PricewaterhouseCoopers (PwC) was re-elected as the company’s external auditor until the end of the 2018 Annual General Meeting.

In connection with the 2017 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 in 1966, is also 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 the majority of its subsidiaries worldwide. The audit of ASSA ABLOY AB also includes the administration of the Board of Directors and the CEO. The auditor in charge attends all Audit Committee meetings as well as at 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 the International Standards on Auditing (ISA), which has been good auditing practice in Sweden since 2011. 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.

For information on fees paid to auditors and other assignments carried in the Group in the past three financial years, please see Annual Report 2016 Note 3 and the Annual Report 2015 Note 3. 

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