Audit

The General Meeting shall elect one (1) auditor to examine the administration and accounts of the Company. The auditor shall be an audit firm approved by the Auditor Oversight with an authorized public accountant in charge. The term of the auditor shall expire at the closing of the Annual General Meeting following the 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 30 March 2022 elected the Authorised Public Accounting firm KPMG Oy Ab as the Auditor of the Company, and Petri Kettunen, Authorised Public Accountant acts as the Responsible Auditor.

Fees for annual audits in 2021 amounted to EUR 184,054.