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 the financial year 2023/24.
The BoD proposes to elect Ernst & Young AG (Switzerland) as the new audit firm to the AGM 2025.
In the financial year 2024/25, dormakaba Holding AG and its Group companies paid PricewaterhouseCoopers CHF 3.3 million for auditing their annual financial statements and the consolidated financial statements of the dormakaba Group. Additionally, dormakaba Group procured further consultancy services from PricewaterhouseCoopers amounting to CHF 0.5 million. The latter included approximately CHF 0.1 million for general advisory services, CHF 0.1 million for taxation services, and CHF 0.3 million for support to subsidiaries in implementing 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.