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Duration of the mandate and term of office of the auditor in charge
Statutory and group auditors are appointed by the Annual General Meeting of Shareholders every year. Ernst & Young AG, Berne, has acted as statutory and group auditor since fiscal 2002/2003. The auditor in charge of the mandate is Roland Ruprecht (since fiscal 2002/2003).
Audit fees
Ernst & Young AG charged fees totaling CHF 495,000 for its audit work in fiscal 2006/2007.
Additional fees
In fiscal 2006/2007 additional fees in the amount of CHF 86,000 were paid to Ernst & Young AG.
Audit supervision and control instruments
The Audit Committee assesses the work done and fees charged by the statutory and group auditors, as well as their impartiality, every year and submits a proposal to the Board of Directors concerning which external auditors should be presented for appointment by the Annual General Meeting of Shareholders.
The Audit Committee also reviews the scope of the external audit, the audit plans and the relevant procedures every year. The results of each audit are discussed with the external auditors. |
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