windeln.de starts tender process for auditor rotation
Munich, March 7, 2019: windeln.de SE ("windeln.de" or "Group"), one of the leading online retailers for family products in Europe and for customers in China, is re-ensoring the mandate for the audit of the annual and consolidated financial statements. The Group is thus following EU regulations and amendments to the EU Directive on Statutory Audits.
Regulation (EU) No 537/2014 and amendments to Directive 2014/56/EU provide for a regular rotation of external auditors. Among other things, the EU directive stipulates that the auditing firm must be changed at least every ten years in order to improve and guarantee the quality of audits. The responsible audit partner of an auditing company is therefore to be changed seven years after the first date of the appointment.
Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft has audited the last seven consolidated financial statements of windeln.de SE (including the 2018 financial year). Therefore, in accordance with German and European law, the Group has launched a procedure to appoint a new auditor for the 2019 financial year.
The Audit Committee of windeln.de is responsible for the tender procedure and will make a recommendation to the Supervisory Board by the end of April 2019. Offers from interested auditors must be received in writing by windeln.de by 28 March 2019. The Supervisory Board intends to make a recommendation to the Annual General Meeting regarding a new auditor for the audit of the 2019 annual and consolidated financial statements. It is planned that the new auditor of windeln.de will be elected at the Annual General Meeting on June 6, 2019.
Auditors and auditing firms can express their interest in the call for tenders to the central contact address firstname.lastname@example.org by 28 March 2019, 18:00 CET.