auditors’ report on 2009 accounts. who is doing what? supervision efi board registration of...

Who is doing what?

Supervision EFI Board

Registration of individual operations: EFI HQ: Risto Paivinen & Kirsi LoisaEFI ROs: connection between ROs and HQ

Authorised Public Accountant: Jukka Malkki

Member’s Auditor: Jean-Luc Peyron

Members’ audit

March 2010: Year 2009 End Audit Memorandum

June 2010: Auditors’ Note and Report (see documents)

September 2010: Presentation at the Annual Conference

Year 2009 End Audit Memorandum

Internal control system is on adequate level

Financial statement are in accordance with the Finnish Accounting Standards (FAS)

The International Accounting Standards are taken into account through FAS

Profit of 46,000 €

Two new RO’s for which the recommendations of the interim audit memorandum of 17 October 2008 are valid.

Auditor’s Note and Report

… « The financial statements give a true and fair view of the financial performance and financial position of the European Forest Institute in accordance with the laws and regulations… »We recommend that the financial statements are adopted.