Examination of the consolidated financial statements

(1) The consolidated financial statements or sub-group financial statements, including the group management report or sub-group management report, must be examined by an auditor. Section 316(3), sections 317 to 324 of the Commercial Code, on the examination, and section 6(2) and (3) of this Act, apply mutatis mutandis.
(2) Where the parent undertaking is a cooperative, the auditing association to which the cooperative belongs is also the auditor of the consolidated financial statements. Consolidated financial statements or sub-group financial statements examined by an auditing association have exempting effect under sections 291 and 292 of the Commercial Code only where the exempted subsidiary undertaking, which is at the same time a parent undertaking, could itself have had its consolidated financial statements or sub-group financial statements examined by that body.
(3) Where the parent undertaking has a supervisory board, the legal representatives must, without delay after receipt of the auditor's report, submit the consolidated financial statements or sub-group financial statements, the group management report or sub-group management report, and the auditor's report on the consolidated financial statements, to the supervisory board for information. Every member of the supervisory board has the right to inspect these documents. The documents must also be handed to every member of the supervisory board on request, unless the supervisory board has decided otherwise.