The contract covers audit services for Kommuninvest Economic Association and associated subsidiaries.

The responsible auditor is responsible for the performance of the service in its entirety vis-à-vis Kommuninvest. This means, in addition to responsibility for execution and delivery, that the responsible auditor is the primary contact person on all matters related to the performance of the service. The responsible auditor must be able to quickly understand and understand Kommuninvest's operations and questions related to the service. The audit leader shall lead and coordinate the practical audit and audit work. The review leader should be available to Kommuninvest to answer questions about the ongoing review work. Audit and review work and any other services shall be performed by a review team and specialists who meet the requirements of sections 3.5.3 and 3.5.4. The size and composition of the review team, as well as the specialist expertise used, must be well adapted to the scope and complexity of the service. At the commencement of the service, a start meeting will be held where the responsible auditor will present his review team and any specialists by name with a brief experience and background description for each person.

The supplier must be able to quickly understand and understand the business. The questions asked to the company and the material requested as part of the audit should be relevant to the implementation of the service.

The supplier shall carry out annual audits in the Group in accordance with the procurement documents, the Act on Economic Associations, the Statutes of the Association, the Swedish Companies Act and other legislation applicable to the legal entities and International Standards on Auditing and generally accepted auditing standards in Sweden.

The service includes consultancy to a lesser extent, which forms a natural and integral part of the audit, as well as audit advice, which is the result of observations in connection with the statutory audit. In addition, the supplier shall assist the lay auditors in their work on business audits. This means that the supplier, as an expert, will assist the lay auditors in their review of the operations of the Group's companies. The experts work on behalf of and in close collaboration with the lay auditors and will have an investigative and supporting role. The supplier shall conduct a review of the interim report for Kommuninvest i Sverige AB in accordance with the applicable standard for review at any given time. The supplier must have good knowledge of the applicable laws, regulations, implementing regulations and other conditions in order to be able to perform the assignment satisfactorily. This includes ensuring that the supplier has good knowledge of international accounting principles adopted by the EU - International Financial Reporting Standards - IFRS and statements, the Annual Accounts Act for Credit Institutions and Securities Companies (ÅRKL), the Banking and Finance Business Act, regulations and general advice issued by the Financial Supervisory Authority and its counterparts within the EU, the so-called ESAs (European Supervisory Authorities) and supplementary accounting rules issued by the Financial Reporting Council. The supplier shall consult the respective organization (association / company) in the group about the timing of various audit efforts. The responsible auditor has the right to make an independent assessment of the time commitment for the statutory audit at each organization. If audit efforts are required, in addition to what is included in the normal assignment, the supplier must make a written notification to the audited organization before the audit work begins. The supplier shall report the results of the audit efforts on an ongoing basis, both to the respective company management and to the lay auditors.

The service must be performed in collaboration with the lay auditors of the association and other legal persons and with the internal audit. Communication and reporting in planning, conducting and completing audits are an important part of this collaboration. See also section 4 requirements for the service in the tender documentation.