Audit

According to the Articles of Association, Kesko has one (1) Auditor, which shall be an audit firm authorised by Finland Chamber of Commerce. The Audit Committee submits a proposal to the Annual General Meeting for the Company’s Auditor. The Audit Committee also evaluates the auditors’ operations and services annually. The term of office of the Auditor is the Company’s financial year and the Auditor’s duties end at the close of the Annual General Meeting following the Auditor’s election. As a rule, an audit company belonging to the same network of audit companies as the audit firm elected by Kesko’s General Meeting as Auditor, will be elected as the Auditor of each of the Group’s foreign subsidiaries.

The Auditor provides Kesko’s shareholders with the statutory Auditor’s Report in connection with the Company’s financial statements and regularly reports on its findings to the Audit Committee of Kesko’s Board of Directors.

The Annual General Meeting of 2019 elected Authorised Public Accountants PricewaterhouseCoopers Oy as the Company’s Auditor. The Auditor with principal responsibility for the Company is APA Mikko Nieminen. He is currently the Managing Director of PricewaterhouseCoopers Oy as well as the Auditor with principal responsibility for two listed Finnish companies, Kesko Corporation and Finnair Plc.

APA Mikko Nieminen has been the Auditor with principal responsibility for the Company since 13 April 2015. The General Meeting resolved that the Auditor's fee is paid and expenses are reimbursed according to an invoice approved by the Company.

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