Audit

According to the rules of Metsäliitto Cooperative, Metsäliitto Cooperative has one auditor, which must be an auditing firm authorised by the Finland Chamber of Commerce. The Representative Council elects the auditor to review the accounts for the year underway, and their task ends at the closure of the next annual meeting of the Representative Council. The task of the auditor is to audit the financial statements and accounting of the group and the parent company, and the administration of the parent company. The auditor provides a statutory auditor’s report to the members of Metsäliitto Cooperative in connection with the annual financial statements, and regularly reports on their observations to the Board of Directors and the management of Metsä Group.

In accordance with the resolution of the Representative Council meeting in the spring of 2021, Metsäliitto Cooperative’s auditor for 2021 is KPMG Oy Ab, firm of authorised public accountants, with Kirsi Jantunen, APA, as the Auditorin-Charge.

In 2021, companies belonging to Metsä Group paid a total of EUR 1,300,000 (EUR 1,183,000 in 2020) in audit fees to KPMG in Finland and internationally and a total of EUR 79,000 (206,000) to other audit firms. In addition, KPMG was paid EUR 271,000 (104,000) in Finland and internationally for services not related to the actual audit, while other audit firms were paid EUR 1,287,000 (1,845,000).

Audit