The auditors’ principal duty is to ensure that the financial statements have been prepared in accordance with valid regulations and give a true and fair view of the company’s performance and financial position, as well as other necessary information, to the company’s stakeholders.

Other main targets are to ensure that internal auditing and risk management has been properly organised, and that the organisation operates in compliance with instructions and within the framework of issued authorisations. The division of labour between external and internal auditing is organised so that internal auditing ensures that the organisation operates in accordance with the company’s internal guidelines.

In accordance with the Articles of Association, An Authorised Public Accountants Organisation shall be elected as the Company’s auditor. The auditor shall designate an Authorized Public Accountant having principal responsibility. The term of office of the auditor is the financial year during which the auditor is appointed. The duties of the auditor end at the conclusion of the first Annual General Meeting following the expiry of its term of office.

In 2019, Elisa’s auditor was KPMG Oy Ab, authorised public accountants, with Mr Toni Aaltonen (APA) serving as the principal auditor.

For the 2019 financial period, the auditing fees of the Finnish group companies totalled EUR 185,662, of which the parent company accounted for EUR 141,562. The auditing fees for the foreign group companies were EUR 114,799.

The auditing firm has been paid fees of EUR 291,965 for services not associated with auditing, of which the parent company accounted for EUR 227,640 and foreign group companies accounted for EUR 64,325. These services had to do with mergers and acquisitions, tax services, information security auditing and other expert services.