Internal control

Fouriertransform’s financial reporting follows the Annual Accounts Act and is based on NASDAQ OMX Stockholm’s Rule Book for Issuers and the Guidelines for external reporting by state-owned companies. Pursuant to the Companies Act, the Board of Directors shall ensure that the company’s organization is designed so that its accounting records, asset management and other financial aspects are controlled in a reliable manner.

Fouriertransform has chosen not to appoint an audit committee. Instead, issues concerning financial reporting and internal control are prepared by the board as a whole. The CEO is not a member of the Board of Directors.
The Board’s ambition is to guarantee a high level of internal control. This includes procedures for:

• - Control structure
• - Control environment
• - Risk assessment
• - Control activities
• - Information and communication
• - Follow-up

Within the company the CEO is responsible for ensuring that the Board’s guidelines are complied with and followed up.

The Board of Directors will meet the company’s auditor at least once a year without the CEO or any member of the management team being present.