Auditing and Auditor’s Fees

The company has one auditor, who must be a public accountant or auditing corporation authorized by the Finland Chamber of Commerce. If an authorized auditing corporation is not chosen to perform the auditing, a deputy auditor must be elected as well. The Auditor’s term of office covers the current fiscal year and expires at the end of the following Annual General Meeting. Annual General meeting elects the auditor and decides on the compensation paid to them.

The Annual General Meeting held on March 28, 2017 re-elected Deloitte & Touche Oy as the auditor of the Company for a term of one year. APA Merja Itäniemi has acted as the auditor with the principal responsibility of the Company since March 26, 2014. The auditors are reimbursed according to invoice presented to the Company. Compensation paid to the auditor are presented in the table below.  

Auditor's Fees EUR 1,000

2016 2015
Auditor's fees 256 250
Tax advice 7 39
Statements 8 1
Other fees 110 54
Total 381 344

Vaisala Annual Review 2016