8. Auditor
In 2004, Deloitte AG, Zurich, was registered in the commercial register as the auditor for Von Roll Holding AG. Mr Daniel O. Flammer was appointed the lead auditor in 2007. The Audit Committee oversees the auditors. The auditor's contract is limited to one year and the appointment of the auditor for Von Roll Holding AG has to be approved by the Annual General Meeting.
The fee paid to the auditor for the audit of the 2008 financial statements was TCHF 902 (previous year: TCHF 668).
During the period under review, additional fees of TCHF 1,782 (previous year: TCHF 1,112) were paid for additional services relating to tax, compliance and transaction services.
The Audit Committee of the Board of Directors assesses the performance, remuneration and independence of the auditor annually (see sections 3.5.2 and 3.6). The Board of Directors proposes the election of the auditor to the Annual General Meeting based on the recommendation of the Audit Committee. Unless there are particular grounds to do otherwise, the emphasis is on ensuring continuity. The Audit Committee evaluates the scope of the audit by the auditor and the relevant procedures annually and discusses the audit findings with the auditor. During the reporting year, two meetings were held with the representatives of the auditor.