Auditors

The auditors are appointed by the Annual General Meeting and are charged with reviewing the company’s financial reporting and the Board’s and President’s management of the company. 

Deloitte AB, which has an organisation comprising broad and specialised competency that is well-suited to Mekonomen’s operations, has been the company’s auditors since 1994. At the 2011 Annual General Meeting, Deloitte AB, with Authorised Public Accountant Thomas Stömberg as the Auditor in Charge, was appointed the auditing firm until 2012.

Reporting and audit

Reporting

The Board supervises the quality of the financial reporting through instructions to the President. Jointly with the CFO and Communications Manager, the President’s assignment is to review and quality-assure all external financial reporting including financial statements, interim reports, annual reports, press releases with financial content and presentation material in connection with meetings with the media, shareholders and financial institutions.

Audit

The entire Board of Mekonomen assumes responsibility that the audit, in an efficient manner, ensures that the Group has acceptable procedures for internal control and high-quality financial reporting. With regard to the preparation of the Board’s work, the Board estimates that quality assurance of the financial reporting, which is conducted within the framework of the company’s own internal control, corresponds to current requirements. The company’s auditors personally present their plans, risk assessments and controls, and findings from the audit at two Board meetings during the year, which additionally secures the Board’s information requirement. At these meetings, the President and CFO leave after presenting their formal reports to enable the Board members to conduct discussions with the auditors without the participation of company management. The Board continuously evaluates the need to elect a specific Audit Committee.

Remuneration to Deloitte, SEK M	2010	2009
Remuneration for audit assignments	5,6	5,2
In addition to audit assignments, Deloitte has received remuneration for consulting services in recent years according to the following, Amounts in SEK M.	0,1	0,0
Tax consulting services, SEK M	0,1	0,0
Other services, SEK M	0,1	0,0

• Shareholders
• Annual General Meeting
• Nomination committee
• Board of Directors
• Company Management
• Auditors
• Corporate Governance and internal control
• Articles of association
• Board of directors' report on internal control