AB Utenos trikotažas Enhances Financial Oversight with New Auditor
AB Utenos trikotažas Appoints New Auditor for Enhanced Oversight
AB Utenos trikotažas, a prominent player in its industry, recently held a critical extraordinary general meeting. This gathering was convened to make important decisions that impact the company’s financial governance significantly. Among the key matters discussed was the appointment of an auditor, a role that is crucial for ensuring accountability and transparency in financial reporting.
Auditor Appointment Details
The primary resolution of the meeting was the decision to engage Grant Thornton Baltic UAB as the auditor for AB Utenos trikotažas. This choice reflects the company’s commitment to maintaining high standards of financial integrity. The financial statements for the periods of 2024 and 2025 will be audited under their guidance.
As part of this decision, the remuneration structure for the audit services was also established. For the first year of the audit, the fee is set at EUR 32,900, plus VAT. In the following year, the fee will slightly increase to EUR 34,300, plus VAT. This planned increase reflects the company's expectation of enhancing the quality and thoroughness of the audit process, ensuring that all financial aspects are meticulously reviewed.
Importance of Auditor Engagement
Engaging a reputable auditing firm such as Grant Thornton Baltic UAB serves multiple purposes. First and foremost, it enhances the credibility of financial reports, offering stakeholders confidence in the company’s financial standing. Furthermore, it helps in identifying potential areas for improvements in financial practices, ultimately contributing to better governance.
Shareholders and potential investors often look for companies with robust auditing practices as a part of their investment criteria. Thus, AB Utenos trikotažas is not just fulfilling a regulatory requirement but also actively working towards building trust and increasing investor confidence.
Contact Information for Inquiries
For those interested in further details about this appointment or other financial matters concerning AB Utenos trikotažas, additional information can be sought directly from Aurimas Likus, the Finance Director. He can be reached at +370 618 07809, where he is ready to assist with inquiries and provide further clarification.
Leadership Insight
Nomeda Kau?ikien?, managing director of AB Utenos trikotažas, expressed confidence in this new audit arrangement. She emphasized the strategic importance of having reliable auditing services to support the company’s growth trajectory and uphold its commitment to shareholders.
Conclusion
With the appointment of Grant Thornton Baltic UAB, AB Utenos trikotažas is taking proactive steps toward reinforcing its financial oversight. This strategic decision not only aligns with regulatory expectations but also demonstrates a dedicated focus on stakeholder interests and transparency. As the company embarks on this new chapter with enhanced auditing support, it looks forward to fostering greater trust and stability in its financial reporting.
Frequently Asked Questions
What company appointed a new auditor?
AB Utenos trikotažas has appointed Grant Thornton Baltic UAB as its new auditor.
What is the duration of the audit services contract?
The audit services contract is for two years, covering the financial statements for 2024 and 2025.
What are the fees for the audit services?
The auditor’s fees are EUR 32,900 plus VAT for the first year and EUR 34,300 plus VAT for the second year.
Who can be contacted for more information?
Aurimas Likus, the Finance Director, can be contacted at +370 618 07809 for any inquiries.
Why is the appointment of an auditor important?
The appointment of an auditor is essential for ensuring financial accountability, transparency, and building trust with stakeholders.
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