To ensure that the requirements concerning information and controls that are incumbent on the Board are being met, the auditors report on a continuous basis to the Audit Committee on all substantive accounting issues, any errors and suspected irregularities. The auditors are also invited, as needed, to participate in and report to the meetings of the Board. At least once per year, the auditors report to the Board without the President and CEO or any other member of the company’s operative management being present at the meeting.

Scania paid its auditors the fees (including compensation for costs) that are stated in the Annual Report’s notes to the financial statements, Note 29, “Fees and other remuneration to auditors” , for both audit-related and non-audit-related assignments.

At the 2007 Annual General Meeting, the registered auditing company Ernst & Young was elected as auditors with the authorized auditor Lars Träff as auditor in charge for the period until the end of the AGM 2011.
 
Ernst & Young is a worldwide accountancy firm with numerous auditing assignments for Swedish listed companies and global corporations such as Paccar, Renault, Nissan Motors and ABB.
 
Lars Träff, Authorised Public Accountant, was elected as Scania’s Auditor in Charge, is a former Chairman of FAR SRS, the institute for the accountancy profession in Sweden. His auditing assignments have included Vattenfall, Lantmännen, Swedbank, JM, Observer, Ticket and TV4.
 
Jan Birgerson, Authorised Public Accountant, has been an Auditor for Scania AB since 2003 and also has auditing assignments for such companies as Investor, Adecco Group and the Holcim Group.
 
During the past three years, Ernst & Young has performed auditing assignments for subsidiaries in the Scania Group as well as assignments and consultations on a smaller scale for the Scania Group in the fields of financial reporting, IFRS implementation and due diligence.
 
Neither Lars Träff, Jan Birgerson nor anyone else at Ernst & Young has, or has had, assignments that affect their independence as Auditors for Scania AB.