Corporate governance Auditors
Auditors' remuneration
Besides customary audits, auditing includes necessary audit-related consulting, work related to audit findings, or other tasks related to auditing.
| Group | Parent company | |||
| Auditing and consulting fees | 2007 | 2006 | 2007 | 2006 |
|---|---|---|---|---|
| Auditor | ||||
| Öhrlings PricewaterhouseCoopers AB | 2,012 | 1,198 | 1,858 | 1,198 |
| PricewaterhouseCoopers, Nordic | 91 | 67 | - | - |
| Other auditing firms | 293 | 179 | - | - |
| Other consulting | ||||
| Öhrlings PricewaterhouseCoopers AB | 45 | 277 | 44 | 277 |
| PricewaterhouseCoopers, Nordic | 6 | 14 | - | - |
| Other auditing firms | 46 | 12 | - | - |
| Total | 2,493 | 1,747 | 1,902 | 1,475 |
AGM participants appoint auditors every fourth year. The most recent occasion was in 2004. The auditors' task is to audit Cybercom's annual accounts, the accounting records, and the administration of the board of directors and the CEO. The auditors report to the board on an ongoing basis.
Öhrlings PricewaterhouseCoopers, with Ulf Pettersson as principal auditor, were elected to serve as auditors up to 2008. During the year, the audit committee has met with the auditors to ensure that the company's internal and external accounts fulfil requirements placed on market-listed companies, as well as discussing the scope and focus of the auditing.
Auditors' report
Each year, the auditors prepare a report that describes the way in which Cybercom's organisation is structured so that bookkeeping, asset management, and Cybercom's financial circumstances in general can be controlled in a satisfactory way. Auditing occurs continuously throughout the year. In 2007, auditor Ulf Pettersson participated in meetings as specified above. On behalf of Öhrlings PricewaterhouseCoopers, he presented the audit of Cybercom's bookkeeping and financial situation.
