The main function of the statutory audit is to verify that the financial statements provide a true and fair view on the Group’s financial performance and financial position for the financial year. Sanoma’s financial year is the calendar year.

The auditor’s responsibility is to audit the Group’s and the Parent Company’s financial statements and administration in the respective financial year and to provide auditors’ opinion to the AGM. The auditor reports to the Board at least once a year.

According to the Articles of Association, Sanoma shall have one auditor, which shall be an auditing firm approved by the Patent and Registration Office. The term of office of the auditor expires at the end of the next AGM following the election.

The 2022 AGM elected the Authorised Public Accounting firm PricewaterhouseCoopers Oy as the statutory auditor of the company. Samuli Perälä, Authorised Public Accountant, acts as the Auditor in Charge. PricewaterhouseCoopers Oy, with Samuli Perälä as the Auditor in Charge, has acted as the statutory auditor of the Company since the 2017 AGM. The Auditor shall be reimbursed against an invoice approved by the Company.

Fees paid to the company auditors 
EUR million Group Parent company
  2021 2020 2021 2020
Fees paid for audit services 1.2 1.0 0.4 0.4
Fees paid for non-audit services 0.1 0.5 0.1 0.0