The Annual General Meeting elected PricewaterhouseCoopers Oy as Alma Media's auditor for the financial year 2016.
The General Meeting of Shareholders annually elects an auditor for the company. The auditor must be an authorised audit firm approved by the Central Chamber of Commerce in Finland. The term of office of the auditors expires at the close of the Annual General Meeting following their election.
The auditor’s task is to ensure that the financial statements are prepared in accordance with current regulation and that they provide correct and sufficient information on the company’s result, financial position and other aspects of the business for the stakeholders. As part of their annual auditing assignment, the auditors of Alma Media audit the accounting and administration of the business units. The requirements set by the internal audit are taken into account in the audit plans.
The auditors submit their report to Alma Media Corporation's shareholders at the Annual General Meeting. Additionally, the auditors submit an annual summary of their auditing plan and a written report on the entire Group to the Board of Directors in conjunction with the publication of the interim financial statements in June and the annual financial statements. They also provide regular reports on the business units to the Group's financial management and reporting unit managements.
The Annual General Meeting of 2016 of Alma Media Corporation elected the firm of Authorised Public Accountants PricewaterhouseCoopers Oy as the company's auditors for the financial year 2015. Mr Markku Launis, Authorised Public Accountant, will be the principal auditor.
Auditing fees paid in 2015 amounted to EUR 175,900. The fees paid to the auditor for other services in 2016 totalled EUR 342,766*
* The other services include EUR 213,000 in fees related to the exchange offer to Talentum Corporation shareholders and EUR 101,000 in fees related to the integration process associated with the Talentum acquisition.