Audit |
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| Lonza maintains a system of internal financial and accounting policies, procedures and controls to provide a reasonable assurance, given the inherent limitations of all internal control systems, at appropriate cost, that transactions are executed in accordance with company authorization, that they are properly recorded and reported in the financial statements, and that assets are properly safeguarded. Lonza's internal auditors continually evaluate the adequacy and effectiveness of this system of internal accounting policies, procedures and controls, and take appropriate action to correct deficiencies as they are identified. Head of Internal Auditing of Lonza Emilio Rubio Independent statutory auditors of Lonza Group Ltd and the Group Since 1999, KPMG Ltd, Badenerstrasse 172, CH-8026 Zurich 4, Switzerland, has held the mandate as the independent statutory auditors of Lonza Group Ltd and the Group. The external auditor is elected for a term of one year. Hanspeter Stocker from KPMG Ltd has been the auditor in charge since 1 April 2005. At the Annual General Meeting held on 26 March 2008 the shareholders re-elected KPMG Ltd as statutory auditors and Group auditors for the business year 2008. |
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