Accounting and auditing

The consolidated accounts for Concordia Maritime AB (publ) and its subsidiaries have been prepared in accordance with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB).

The Group applies the standards that have been adopted by the European Commission for application in the EU. In addition, the Swedish Financial Reporting Board’s recommendation RFR 1 Supplementary Accounting Rules for Group has been applied.

The external auditor is responsible for reviewing the annual report and accounts, as well as to review the Board and the CEO of the company. An auditor is proposed by the nomination committee and elected by the AGM for a period of one year.

At the 2014 AGM, Johan Kratz, KPMG, was elected as the Company’s external auditor until the 2015 Meeting.

Read more about accounting and auditing in the annual report.