8. Auditors

Price­wa­ter­house­C­oop­ers AG, Zurich, has been the au­di­tor of the Geberit Group since 1997 and of Geberit AG since its foun­da­tion in 1999. Lead au­di­tor Beat In­auen has been in charge of the au­dit­ing man­date since 2015.

In 2016, Price­wa­ter­house­C­oop­ers in­voiced the Geberit Group TCHF 1,810 for ser­vices in con­nec­tion with the audit of the fi­nan­cial state­ments of Group com­pa­nies as well as the Con­sol­i­dated Fi­nan­cial State­ments of the Geberit Group.

For ad­di­tional ser­vices, Price­wa­ter­house­C­oop­ers in­voiced TCHF 737 re­lat­ing to tax con­sul­tancy and sup­port as well as TCHF 49 for other ser­vices. There­fore, the non-audit fees amount to 43% of the audit fees.

Be­fore every meet­ing, the ex­ter­nal au­di­tor in­forms the Audit Com­mit­tee in writ­ing about rel­e­vant au­dit­ing ac­tiv­i­ties and other im­por­tant facts and fig­ures re­lated to the com­pany. Rep­re­sen­ta­tives of the ex­ter­nal and in­ter­nal au­di­tors at­tend the meet­ings of the Audit Com­mit­tee for spe­cific agenda items, and to com­ment on their ac­tiv­i­ties and an­swer ques­tions. The ex­ter­nal au­di­tors at­tended three meet­ings of the Audit Com­mit­tee in the re­port­ing year 2016.

The Audit Com­mit­tee of the Board of Di­rec­tors makes an an­nual as­sess­ment of the per­for­mance, fees and in­de­pen­dence of the au­di­tors, and sup­ports the Board of Di­rec­tors in the nom­i­na­tion of the au­di­tor for the at­ten­tion of the or­di­nary Gen­eral Meet­ing. Every year, the Audit Com­mit­tee de­ter­mines the scope and plan­ning of the in­ter­nal audit, co­or­di­nates them with those of the ex­ter­nal audit and dis­cusses the audit re­sults with the ex­ter­nal and in­ter­nal au­di­tors. For more de­tails on the Audit Com­mit­tee, see item 3, Board of Di­rec­tors, 3.5 In­ter­nal or­gan­i­sa­tional struc­ture, Audit Com­mit­tee.