Ericsson’s external, independent auditors are elected by the shareholders at the Annual General Meeting for a period of four years. The auditors report to the shareholders at Shareholders' meetings.

The auditors;

• update the Board of Directors regarding the planning, scope and content of the annual audit;
• examine the year-end financial statements and report findings to assess accuracy and completeness of the accounts and adherence to accounting procedures and principles;
• advise the board of Directors of additional services performed (non-auditing), the consideration paid and other issues that are needed to determine the auditors’ independence.

For further information on the contacts between the board and the auditors, please see “Work of the Board of Directors” above. All Ericsson quarterly reports are reviewed by our auditors.

PricewaterhouseCoopers was elected at the Annual General Meeting 2007 for a period of four years; i.e. until 2011.

Elected 2007 until 2011
Bo Hjalmarsson, Authorized Public Accountant, is the auditor in charge.

Peter Clemedtson
Authorized Public Accountant, PricewaterhouseCoopers
Elected 2004 (as successor for the remaining mandate period of
Carl-Eric Bohlin) until 2007.
Audit services performed in other large companies such as:
Electrolux, KMT, Medivir, OMX, SEB.

Bo Hjalmarsson
Authorized Public Accountant, PricewaterhouseCoopers
Elected 2003 until 2007.
Audit services performed in other large companies such as OMX,
Sony Ericsson, Lundin Petroleum, Vostok Nafta.

Thomas Thiel

Authorized Public Accountant, KPMG
Elected 2003 until 2007.
Audit services performed in other large companies such as Atlas
Copco, Folksam, Handelsbanken, Holmen, Peab, Ratos, SKF,
Swedish Match, Kungsleden.

Jeanette Skoglund
Authorized Public Accountant, PricewaterhouseCoopers
Elected 2003 until 2007.
Audit services performed in several large subsidiaries of
global companies, such as TDC Song.

Robert Barnden
Authorized Public Accountant, PricewaterhouseCoopers
Elected 2004 (as successor for the remaining mandate period of
Peter Clemedtson) until 2007.
Audit services performed in other large companies such as:
AcandoFrontec, Nobia, SCA, Seco Tools, VSM Group

Stefan Holmström
Authorized Public Accountant, KPMG
Elected 2003 until 2007. Audit services performed in other large companies such as:
Länsförsäkringar, Posten, Swedish Meats, V&S Vin
& Sprit.

Ericsson paid the fees (including expenses) listed in the table in Notes to the Consolidated Financial Statements – Note C31, “Fees to auditors” in the Annual Report for audit-related and other services.

The Audit Committee reviews and pre-approves any non-audit services to be performed by the external auditors to ensure the auditors’ independence.