Detection Technology Plc has one auditor that shall be an audit firm approved by the Central Chamber of Commerce (Authorized Public Accountants). The auditor is appointed by the Annual General Meeting for a term ending at the close of the Annual General Meeting first following the date of their election. The primary function of audit is to verify that the Financial Statements give accurate and adequate information about Detection Technology Plc’s result and financial position for the financial period. In addition the Auditors report to the Board of Directors on the ongoing auditing of administration and operations. The auditors give the shareholders an annual auditors’ report on the financial statements as required by law.
The Annual General Meeting 10 Mach 2016 appointed the approved audit firm Ernst & Young Oy as auditor of the company with Mr. Juha Hilmola, Authorized Public Accountant, acting as the auditor with principal responsibility.
Fees for statutory auditing in 2015 amounted to EUR 72,373. Fees for non-audit services, related to the company’s IPO and IFRS conversion project, amounted to EUR 125,047.