According to its Articles of Association, FIT Biotech has one principal auditor and one deputy auditor. Both of them must be Authorised Public Accountants approved by the Central Chamber of Commerce of Finland. In case the auditor is a corporation of Authorised Public Accountants, a deputy auditor is not elected. The term of office of the auditors ends at the close of the Ordinary General Meeting of Shareholders following their election. The company’s auditor is PricewaterhouseCoopers Oy with Mr Janne Rajalahti, Authorised Public Accountant, as the principal auditor.
The purpose of auditing is to verify that the company’s financial statements provide correct and sufficient information on the company’s results and financial position for the financial period. The auditor submits the audit report required by law to the shareholders in connection with the annual financial statements. The results of auditing during the financial period are reported to the Board of Directors. The auditor and the Board of Directors meet at least once annually.