The ARC prepares a proposal on the appointment of Tieto's auditors, which is then presented to the AGM for its decision. The compensation paid to the auditors is decided by the AGM and assessed annually by the ARC.
The ARC proposes to the AGM that the auditor to be elected at the AGM be reimbursed according to the auditor's invoice and in compliance with the purchase principles approved by the committee. Further, ARC proposes to the AGM that the firm of authorized public accountants PricewaterhouseCoopers Oy be re-elected as the company's auditor for the financial year 2015.
The 2014 AGM re-elected the firm of authorized public accountants PricewaterhouseCoopers Oy as the company's auditor for the financial year 2014. PricewaterhouseCoopers Oy notified the company that authorized public accountant Tomi Hyryläinen acts as chief auditor. In 2014, Tieto Group paid the auditors a total of EUR 0.7 (1.0) million in audit fees, of which EUR 0.7 (1.0) million to the Group’s auditor PricewaterhouseCoopers Oy, and a total of EUR 1.0 (1.5) million for other services, of which EUR 0.9 (1.4) to the Group’s auditor.