Audit

According to the company’s Articles of Association, Amer Sports has one auditor, which must be a public accounting firm certified by Finland’s Central Chamber of Commerce.

The independent public accountant engaged by Amer Sports is responsible for directing and coordinating audit work within all Amer Sports’ companies. The Audit Committee prepares a recommendation for the Annual General Meeting regarding the election of the auditor. The Annual General Meeting elects the auditor annually and for a period of one year.

Amer Sports’ auditor, the presidents of the company’s business segments and areas, finance directors, the general manager and the finance managers of selected subsidiaries meet at least once a year. Subsidiary companies’ auditors present their audit observations annually to the company in question, to Amer Sports’ auditor, and to representatives of Amer Sports’ Finance function.

Amer Sports’ auditor submits a written report on the audit to the Audit Committee and the Board of Directors at least once a year. The principal auditor presents a summary of the annual audit in person in the Board of Directors meeting at which the financial statements for the fiscal year are discussed. Auditors are invited to each of the Audit Committee’s meetings and provide updates on how the Group audit is progressing and other findings.

2011

In 2011, PricewaterhouseCoopers Oy continued to be Amer Sports’ auditor. The principal auditor was Jouko Malinen, who has been the company’s principal auditor since 2007.