The external audit of Balco’s financial statements and all subsidiaries, including the management by the board of directors and senior executives, is carried out according to International Standards on Auditing and generally excepted accounting principles in Sweden. The external auditor is present at least one meeting of the board of directors each year at which the auditor reports his or her observations from the audit and his or her opinion of the internal controls. The auditor receives a fee for his or her work in accordance with a resolution adopted by the annual general meeting.
Balco’s auditor is KPMG AB, with certified public accountant Michael Johansson as the auditor-in-charge.
Auditor-in-charge since 2018.