Appendix to Letter From the Auditor
ITEM 16F. CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT
The decision on March 7, 2022, to dismiss Öhrlings PricewaterhouseCoopers AB (“PwC”), the Company’s current auditor, followed a recommendation by the Audit Committee based on a formal tender process. PwC will continue as our independent registered public accounting firm until the filing of this Form 20-F for the year ended December 31, 2021.
During the Company’s fiscal years ended December 31, 2021 and 2020, and the subsequent interim period through March 7, 2022, there were no disagreements with PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of PwC, would have caused it to make reference thereto in their reports on the financial statements for such years.
During the fiscal years ended December 31, 2021 and 2020 and the subsequent interim period through March 7, 2022, there were “reportable events” as that term is defined in Item 16F(a)(1)(v)(A)-(D) of Form 20-F, as follows: material weaknesses were identified that related to (i) our technology access and change control environment not supporting an efficient or effective internal controls framework, (ii) lack of documented policies and procedures in relation to our entity level controls and (iii) inadequate documentation of procedures and segregation of duties in the record to report process.
The audit reports of PwC on the consolidated financial statements of the Company as of and for the years ended December 31, 2021 and 2020 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.