Auditor of annual accounts
Since 1972, the audits of K+S financial statements have been carried out by Deloitte GmbH, Hanover or its predecessor companies. It has issued the declaration of independence in accordance with section 7.2.1 of the German Corporate Governance Code.
The auditing company is elected by the Annual General Meeting. The Supervisory Board makes the preliminary selection in cooperation with the Audit Committee.
The auditors responsible for carrying out the audit are appointed by the auditing company. This is in accordance with Section 319a of the German Commercial Code (HGB), which contains special provisions for the audit of financial statements of a company that uses an organized market as defined in Section 2 (5) of the German Securities Trading Act (WpHG). In addition to economic connections, larger consulting services for the company exclude the auditor from the audit. As a rule, we do not make use of any consulting services provided by the auditor.
In particular, Section 319a HGB No. 4 must be observed. Accordingly, an auditor is excluded from the audit if he has already signed the audit opinion in seven or more cases in accordance with § 322 HGB. Deloitte GmbH rotates the auditors internally after seven years.
Our currently responsible auditors, Mr. Kompenhans and Dr. Meyer, were responsible for the fourth audit with the 2018 financial statements.