Straumann Group

External auditors

The Shareholders’ General Meeting elects the Group’s external auditors on an annual basis. In April 2024, Ernst & Young AG, Basel (EY), was reappointed as the auditor for Straumann Holding AG for its eleventh consecutive one-year term. The lead auditor, Fabian Meier, a Swiss Certified Public Accountant, assumed responsibility for the engagement in 2023.

Information instruments pertaining to the external audit

EY provides the Audit & Risk Committee with a detailed report on the audit of the Financial Statements, covering significant findings in financial accounting and reporting as well as the internal control system. In 2024, EY attended two Audit & Risk Committee meetings, including sessions held without Group management present. The Audit & Risk Committee evaluates the effectiveness of the external auditors’ work in line with Swiss law, focusing on their understanding of the Group’s business, controls and accounting issues, along with their handling of significant matters in Group and statutory accounts. Additionally, the Committee’s Chair receives regular briefings to stay informed on audit progress. Audit fees are ultimately approved by the Audit & Risk Committee and EY’s independence is maintained by restricting its engagement in non-audit services. The Group follows a formal policy for engaging external auditors in non-audit services, which includes specified limits on permitted services. Each non-audit service engagement is reviewed against this policy before authorization is granted.

The worldwide fees paid to the auditors are outlined in the table below.