Auditors

The auditor shall review the annual report and accounts, and the work conducted by the CEO and board. Following the end of each financial year, the auditor presents a review report and a group audit report to the AGM.

According to the articles of association of Paradox, the company shall appoint a maximum of two auditors with or without a maximum of two deputies or a registered audit company.

PricewaterhouseCoopers is the auditor of Paradox, with Aleksander Lyckow as the auditor in charge.

The company has not established a special function for internal audit. Instead, the Board undertakes the task.

The internal control includes control of the Paradox organization, procedures and activities. The aim is to ensure a reliable and accurate financial reporting, that the company and group’s financial statements are prepared in accordance with the law and applicable accounting standards, and that other requirements are followed.

The internal control system also aims to monitor the compliance with the company’s policies, principles and instructions. In addition, the protection of the company’s assets is monitored, and that the company’s resources are used in a cost efficient and timely manner.

Furthermore, internal control is conducted through evaluation of implemented information and business systems, and through risk analysis.