Bulten’s auditors are PricewaterhouseCoopers AB, with Johan Palmgren as authorised public accountant in charge of the audit.
PwC carries out the audit of Bulten AB (publ) and all essential subsidiaries. The annual audit includes a statutory audit of Bulten AB’s annual accounts, a statutory audit of the Parent Company and all essential subsidiaries, an audit of the internal report packages, an audit of the year-end closing and a general review of one interim report. Reviews of internal control are included as part of the work.
During the second quarter a meeting is held with the executive management for analysis of the organisation, operations, business processes and line items for the purpose of identifying areas involving an elevated risk of errors in the financial reporting. A meeting is also held with the audit committee for reconciliation of strategy and aims. The auditor also attends at least one Board meeting each year.
A general review of the year-end closing is performed for the period January–September. In October an early warning review is performed of the third quarter accounts, followed by an early warning meeting with the executive management where important questions for the annual closing are raised. A review and audit of the annual closing and annual accounts is performed in January–February.
In accordance with the company’s articles of association, the company shall have at least one, and at most two, auditors, and at most two deputy auditors. In accordance with the articles of association, the mandate period for the auditors shall be one year.