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 2008. The Audit Committee oversees the activities of the auditors. The auditor is appointed on each occasion by the Annual General Meeting for one financial year, and the same auditor may be reappointed in the next financial year. The applicable statutory maximum term of office for a lead auditor of seven years (Art. 730a Para. 2 Swiss Law of Obligations) is not limited by the Articles of Association.
The fee paid to the auditor for the audit of the 2009 financial statements was TCHF 871 in total (previous year: TCHF 902).
During the period under review, additional fees of TCHF 80.6 (previous year: TCHF 1,782) were paid for additional services relating to tax, compliance and transaction services. In financial year 2009, TCHF 38 were made available for tax advice and TCHF 43 for additional audit-related services.
The Audit Committee of the Board of Directors assesses the performance, remuneration and independence of the auditor annually (see section 3.4.2). The Board of Directors proposes the election of the external 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 assesses the scope of the audit by the external auditor and the relevant procedures annually and discusses the audit findings with the external auditor. During the reporting year, two meetings were held with the representatives of the external auditor.