Philips 2013 Annual Report Download - page 117
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9 Supervisory Board report 9.3 - 9.3
Annual Report 2013 117
engage a new audit firm for its statutory audit for the
financial year starting January 1, 2016. The Committee
has been involved in the process of selecting a new
auditor and will continue to be involved in the final
selection in 2014 of such future auditor, subject to
appointment by the 2015 Annual General Meeting of
Shareholders.
During each Audit Committee meeting, the Committee
reviewed the report from the external auditor in which
the auditor set forth its findings and attention points
during the relevant period. The Committee also
assesses the overall performance of the external
auditor, as required by the Auditor Policy. Please refer
to the agenda and explanatory notes thereto for the
upcoming 2014 Annual General Meeting of
Shareholders for more information on the proposed re-
appointment, for one additional year, of the external
auditor.
Finally, the Audit Committee also participated in a
number of education sessions during 2013, including
education on pensions and proposed changes to the
IFRS accounting standards.