Auditor
Statutory auditors auditing the financial statements of XTPL S.A.
4AUDYT sp. z o.o.
ul. Kochanowskiego 24/1
60-846 Poznań
Audit firm entered in the list of audit firms kept by the National Council of Statutory Auditors under reference number 3363
Selected for reviewing and auditing XTPL financial statements for 207-2021 – details current report ESPI No. 35/2019 of 9 August 2019
Pursuant to § 18 paragraph 3 point 13 of the Company’s Articles of Association, selection of the statutory auditor to audit the company’s financial statements is the responsibility of the Supervisory Board. When selecting an audit firm, the Supervisory Board shall act on the basis of the criteria specified in the “Policy and procedure on selection of an audit firm to audit unconsolidated and consolidated financial statements”, as well as recommendations from the Audit Committee.
The purpose of the Policy is to ensure that the Supervisory Board selects an audit firm that will carry out a statutory audit at the Company adhering to the rules of: impartiality, independence, non-discrimination, professional ethics and auditing standards.
With regard to the above, the Company follows the general rules laid down in the Act on statutory auditors, audit firms and public oversight of 11 May 2017 (the ”Act”).
In accordance with Article 134 of the Act, the maximum period of uninterrupted statutory audit engagements carried out by the same audit firm is 5 years, and the key statutory auditor may not undertake statutory audits at the same public interest entity for a period longer than 5 years.
The auditor may undertake a statutory audit of the entity only after a cool-off period of at least 4 years after the last audit engagement – as per Article 17(3) of Regulation (EU) No 537/2014 of 16 April 2014 on specific requirements regarding statutory audit of public-interest entities (…).