Auditing

L&T has one auditor that must be a firm of auditors approved by the Finland Chamber of Commerce. The auditor is elected by the Annual General Meeting. 

The auditors and the Board agree on the audit plan annually and discuss the audit’s findings. The auditor's term of office is the current fiscal year when elected, and the auditor's term of office continues until the end of the next Annual General Meeting.

PricewaterhouseCoopers Oy (PWC), Authorised Public Accountants, was elected by the Annual General Meeting of 2023 as the company’s auditor, with Samuli Perälä, Authorised Public Accountant, as the principal auditor.

In 2022, the fees paid for the Group’s statutory auditing to PWC totalled EUR 364,000 (264,000). The fees paid to the auditing company and companies belonging to the same group for non-audit services totalled EUR 167,000 (23,000). Such other services were mainly related to consulting in accounting, taxation and financial reporting.