AUDITOR
POLICY DOCUMENTS
At the AGM 2017, the audit firm Ernst & Young AB was appointed
as auditor. Stefan Kylebäck is the head auditor and among his
other public engagements we can mention Arcam AB and Golden
Heights AB. Stefan Kylebäck owns no shares in New Wave Group. New Wave Group has a number of policies for the Group’s
operations and its employees. The Group also has a number of
recommendations which specify guidelines and supervision for
the Group’s operations and its employees. Examples of policy
content are as follows:
AUDIT WORK The Group’s finance function works according to an instruction
given by the Board which sets out frameworks for how the Group’s
operations shall be financed and how, for example, currency risks
and interest rate risks shall be dealt with.
The Group applies International Financial Reporting Standards
(IFRS ) when preparing the Group’s reports. The Group’s interim
report for the third quarter is the subject of a general review by
the company’s auditor. This review follows the recommenda-
tions issued by FAR SRS , the organization for authorized public
accountants. The audit of the annual report, consolidated financial
statements, the accounting records and the administration of
the Board and CEO is conducted in accordance with generally
accepted auditing standards in Sweden.
After the auditors’ review in October, the company’s auditors draw
up an audit memo to the Board containing comments about indi-
vidual companies and the Group as a whole. The auditors also
present their observations from the audit, their appraisal of the
companies’ internal control and the application of accounting
policies at one of the autumn Board meetings. The Board receives
information about internal control and compliance with rules,
control of audited values, estimates, assessments and other
matters that might influence the quality of the financial reports.
It is the job of the Group’s auditor to audit the companies’ ability
to comply with the overriding rules for internal control within
the companies. The auditors also report their observations about
internal control.
ARTICLES OF ASSOCIATION
The articles of association are adopted by the AGM and contain
fundame ntal facts about the company, e.g. what kind of business
the company will run, the size of the share capital, the number of
shares issued, the size of the Board of Directors and the procedure
for convening the AGM. The company’s articles of association
state, among other things, that the Board of Directors shall consist
of at least three and no more than seven members, that the Board
has its registered office in Göteborg, and that a class A share shall
carry ten votes and a class B she one vote. The complete articles
of association are available at the New Wave Group website,
www.nwg.se.
42 | NWG 2017
FINANCIAL POLICY
IT POLICY
The Group’s IT policy describes the Group’s principles for appli-
cation and safety within IT.
COMMUNICATION POLICY
The Group’s communication policy is a document that describes
the Group’s general principles for providing information.
ENVIRONMENTAL POLICY
The Group’s environmental policy sets out guidelines for the
environmental work within the Group.
ANTI-CORRUPTION POLICY
The Group’s anti-corruption policy describes the Group’s prin-
ciples for work against corruption.