Auditing

According to the Articles of Association, Kesko's auditor shall be an Authorised Public Accountants Organisation which shall designate an Authorised Public Accountant as the auditor with principal responsibility. The Audit Committee conducts preparatory work for the election of the Company's Auditor, and recommends an Auditor. The Board submits a proposal to the Annual General Meeting for the Company's Auditor. The Audit Committee monitors and assesses the Auditors' operations and services annually. The Auditor's term of office is the financial period year during which the Auditor is elected, and the Auditor's duties terminate at the close of the next Annual General meeting to follow. An audit company belonging to the same network of audit companies as the audit firm elected by Kesko's Annual General Meeting as Auditor is 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 2021 Annual General Meeting elected the firm of authorised public accountants Deloitte Oy as the Company's Auditor. APA Jukka Vattulainen is the auditor with principal responsibility.

The Annual General Meeting resolved that the Auditor's fee be paid and expenses reimbursed according to invoices approved by the Company.

Kesko's previous Auditor was the firm of auditors PricewaterhouseCoopers Oy.
 

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