Board of Control
Based on the proposal of the Board of Directors, the Assembly of Delegates elects an independent auditing company as the external Board of Control. The Board of Control is appointed for a term of office of two years, and may be reappointed.
PricewaterhouseCoopers AG has been confirmed as the FMC Board of Control and as Group Auditor until 30 June 2018. The company has audited the annual financial statements of the FMC and the Migros Group accounts since 1 July 2000 (previously Swiss Trust Company-Coopers & Lybrand AG). The Chief Auditor, Rodolfo Gerber, certified public accountant, took up his post in financial year 2013.
Mitreva Treuhand und Revision AG makes an important contribution to the auditing of the Migros Group accounts.
Auditing & other fees
For services across the group related to the auditing of the annual financial statements 2015 and 2016, and for other services performed in 2015 and 2016 in the areas of company evaluations, tax consultancy, accounting and due diligence audits, PricewaterhouseCoopers AG and Mitreva Treuhand und Revision AG invoiced the following:
| Auditing services | Other services |
Total | ||||
|---|---|---|---|---|---|---|
| In 1'000 CHF | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 |
| PricewaterhouseCoopers AG | ||||||
| Federation of Migros Cooperatives and other group companies | 2'844 | 2'738 | 452 | 387 | 3'296 | 3'125 |
| Mitreva Treuhand und Revision AG 1 | ||||||
| Cha cha AG, LFS AG, FlowerPower Fitness und Wellness AG, Culinart GmbH, Semiba AG, Centre Balexert SA, SAMEF, Société anonyme Migros en France, Grands Pres Developpement (GDP) SA, ONE Training Center AG, Randenburg Immobilien AG, Activ Fitness Ticino SA, Activ Fitness AG, Schwyzer Milchhuus AG, Ferrovia Monte Generoso AG | 143 | 1'375 | - | 54 | 143 | 1'429 |
1 Following the ballots of the Cooperatives Migros Aare, Basel, Lucerne, Geneva, Neuchâtel-Fribourg, Valais and Ticino in June 2016, PricewaterhouseCoopers AG was selected as auditor of the annual financial statements 2016-2018. Mitreva Treuhand und Revision AG was selected as auditor of these companies up to and including the financial statements 2015. As a result of this change, the auditing fees of Mitreva Treuhand und Revision AG decreased by CHF 1'286.
Following the ballots of the Cooperatives Migros Aare, Basel, Lucerne, Geneva, Neuchâtel-Fribourg, Valais and Ticino in June 2016, PricewaterhouseCoopers AG was elected as auditor of the annual financial statements 2016-2018. Up to and including financial statements 2015, Mitreva Treuhand und Revision AG was elected as auditor of these companies. As a result of this change, the auditing fees of Mitreva Treuhand und Revision AG decreased by CHF 1'286.
The internal audits of the group companies make an important contribution towards the auditing of the financial statements each year.