Internal audit

The internal audit function is directly subordinate to the Board of Directors and independent Protect's operational activities. The internal audit function is a permanent part of crescit asset management's organization.

The SStyrelsen has appointed Nexia Revision Stockholm AB ("Nexia") with Anders Fornstedt as Internal Auditor. Crescit and Nexia have entered into an engagement agreement which regulates the scope of the engagement and the conditions of responsibility. In cases where the Internal Audit function is unable to fulfil its mission due to conflict of interest or lack of competence in the auditing area, external resources shall be procured to assist the Internal Audit function in its auditing mission.

The activities of the Internal Audit Function shall be coordinated as necessary with audit assignments carried out by external auditors. Crescit Asset Management's external auditors are responsible for reviewing annual reports (including financial reporting) and related documents.

Protect's internal audit function shall examine and assess whether the company's systems, internal control mechanisms and procedures are appropriate and effective. In addition, the interaudit shall make recommendations on the basis of the work carried out and to ensure that these recommendations are followed, and report internal audit questions to the Board and CEO.

The internal audit function shall verify that any remarks and recommendations from external auditors are addressed and followed up. The internal audit function shall also participate, if necessary, in meetings with the external auditors of the fund company.

For a detailed description of the internal audit function’s responsibilities and duties, a potential investor can take part of the information in the operating guidelines for the internal audit function which can be obtained from the fund company.

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