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The Board of Directors is responsible for the company’s
organization and the administration of the company’s
affairs. This includes among other things continuous
assessment of the company’s and the Group’s financial
situation and ensuring that the company’s organization
is designed so that the accounting, management of
assets and the company’s financial affairs otherwise are
controlled in a reassuring manner. The Chief Executive
Officer shall manage the ongoing administration
according to the Board of Directors’ guidelines and
instructions and among other matters take measures
that are necessary to fulfill the company’s accounting
in accordance with law and handle the management of
assets in a reassuring manner.
Auditor’s responsibility
Our objective concerning the audit of the administration,
and thereby our opinion about discharge from liability,
is to obtain audit evidence to assess with a reasonable
degree of assurance whether any member of the
Board of Directors or the Chief Executive Officer in any
material respect:
- has undertaken any action or been guilty of any
omission
which can give rise to liability to the
company, or
- in any other way has acted in contravention of the
Companies Act, the Annual Accounts Act or the
Articles of Association.
Our objective concerning the audit of the proposed
appropriations of the company’s profit or loss, and
thereby our opinion about this, is to assess with
reasonable degree of assurance whether the proposal
is in accordance with the Companies Act.
Reasonable assurance is a high level of assurance,
but is not a guarantee that an audit conducted in
accordance with generally accepted auditing standards
in Sweden will always detect actions or omissions that
can give rise to liability to the company, or that the
proposed appropriations of the company’s profit or loss
are not in accordance with the Companies Act.
A further description of our responsibility for the
audit of the administration is available on Revisorsinspektionen’s
website: www.revisorsinspektionen.se/
revisornsansvar. This description is part of the auditor’s
report.
The auditor’s examination of the corporate governance
statement
The Board of Directors is responsible to ensure that
the corporate governance statement on pages 111–119
has been prepared in accordance with the Annual
Accounts Act.
Our examination of the corporate governance statement
is conducted in accordance with FAR’s auditing
standard RevU 16 The auditor’s examination of the
corporate governance statement. This means that our
examination of the corporate governance statement is
different and substantially less in scope than an audit
conducted in accordance with International Standards
on Auditing and generally accepted auditing standards
in Sweden. We believe that the examination has
provided us with sufficient basis for our opinions.
A corporate governance statement has been
prepared. Disclosures in accordance with chapter
6 section 6 the second paragraph points 2–6 of the
Annual Accounts Act and chapter 7 section 31 the
second paragraph the same law are consistent with the
other parts of the annual accounts and consolidated
accounts and are in accordance with the Annual
Accounts.
PricewaterhouseCoopers AB, Box 4009, 203 11 Malmö
was appointed auditor of AAK AB by the Annual General
Meeting of the shareholders on May 15, 2019 and has
been the company’s auditor since the financial year
May 1, 2005–December 31, 2005.
Malmö, April 15, 2020
PricewaterhouseCoopers AB
Sofia Götmar-Blomstedt
Authorized Public Accountant
Auditor in charge