Auditor

According to the Articles of Association, Telefonaktiebolaget LM Ericsson shall have no less than one and no more than three registered public accounting firms as external independent auditor. Pursuant to the Swedish Companies Act, the mandate period of an auditor shall be one year, unless the Articles of Association provide for a longer mandate period up to four years. The auditor reports to the shareholders at General Meetings.

The duties of the auditor include the following:

• Updating the Board of Directors regarding the planning, scope and content of the annual audit
• Examining the interim and year-end financial statements to assess accuracy and completeness of the accounts and adherence to accounting standards and policies
• Advising the Board of Directors of non-audit services performed, the consideration paid and other issues that determine the auditor’s independence.

All Ericsson’s quarterly financial reports are reviewed by the auditor.

Current auditor

PricewaterhouseCoopers AB was elected auditor at the AGM 2013 for a period of one year, i.e. until the close of the AGM 2014.

PricewaterhouseCoopers AB has appointed Peter Nyllinge, Authorized Public Accountant, to serve as auditor in charge.

Fees to the auditor

Ericsson paid the fees (including expenses) for audit-related and other services listed in the table in Notes to the Consolidated Financial Statements – Note C30, "Fees to Auditors" in the Annual Report.