Audit

The auditors of Bilia AB are elected by the AGM for a period of four years, and in 2008 KPMG AB was re-elected as the public accounting firm. In September 2010, Jan Malm was appointed the new auditor in charge.

Audit mainly involves continuous auditing and examination of the annual accounts. KPMG also assists Bilia with advice on accounting matters. During the past three years this has mainly involved questions pertaining to accounting practices in accordance with IFRS standards. No circumstance relating to this advisory role has been judged to influence the impartiality and independence of the auditors.