PricewaterhouseCoopers AG, Zurich, has been the auditor for dormakaba Holding AG and its legal predecessors since 1907, and Group auditor of the dormakaba Group since 1982. The responsible lead auditor took on this function during financial year 2023/24.
dormakaba initiated a call for tender with the intention to propose a new audit firm to the AGM in 2025.
The fees paid to the audit firm PricewaterhouseCoopers for services relating to the audit of the annual financial statements of dormakaba Holding AG and Group companies and the consolidated financial statements of dormakaba Group were CHF 3.4 million in the financial year 2023/24. In the financial year 2023/24, dormakaba Group procured further consultancy services from PricewaterhouseCoopers in the amount of CHF 0.5 million, of which approximately CHF 0.25 million for general advisory services, CHF 0.15 million for taxation services and CHF 0.1 million on support for subsidiaries in the implementation of new accounting practice rules or finance projects.
Each year, the AC of the BoD assesses the performance, fees, and independence of the auditor and suggests to the BoD which external auditor should be proposed to the AGM for election. Each year, the AC also assesses the scope of external auditing, the audit plans, and the relevant processes and discusses the results of the audit with the external auditors. Please find more information about the AC here.