The auditor's assignment
An auditor is elected by the AGM, for a term running up until the end of the AGM during the financial year after the election. The auditor is assigned to review Knowit’s Annual Report, accounting records and the administration performed by the Board and President. The auditor delivers a report to the AGM. Shareholders have the opportunity to ask the auditor questions during the AGM.
The auditor's work during 2020
During the year, the auditors have, in addition to reviewing the company’s books, performed brief audits of the company’s third interim report.
The auditors have participated at all seven of the audit committee’s meetings and twice presented reports on significant observations in connection with the third interim report and in connection with the year-end report. Following the review of the Annual Report, the auditors present an audit report.
The auditors’ written reports have been distributed to the entire Board and the chairman of the audit committee has presented significant items from the reports. The auditors also report a summary of the review directly to the Board at one occasion during the year.