According to the Articles of Association, Metso Outotec has one auditor, which must be a firm of authorized public accountants. The Auditor is elected at the Annual General Meeting for a term which expires at the end of the following Annual General Meeting. The aggregate duration of the consecutive terms of a principal auditor may not exceed seven years.
The auditor’s statutory obligation is to audit the company’s accounting, financial statements and administration for the financial year. The parent company’s auditor must also audit the consolidated financial statements and other mutual relationships between Group companies. In conjunction with our annual financial statements, the auditor submits the statutory Auditor’s Report to Metso Outotec’s shareholders.
In the Annual General Meeting 2020, Authorized Public Accountant Ernst & Young Oy was elected as Metso Outotec’s auditor with Mikko Järventausta as the principally responsible auditor.