ASML is the world's leading provider of lithography systems for the semiconductor industry. Headquartered in Veldhoven, the Netherlands, ASML employs more than 7,000 people.
Deloitte Accountants was appointed for an indefinite period in 1995 by the Annual General Meeting as ASML’s external auditor. In 2012 it was decided to change the indefinite appointment term of the External Auditor to an annual (re)appointment to be approved by the AGM, effective per the 2012 AGM. The 2012 AGM reappointed Deloitte Accountants as the Company’s External Auditor for the reporting year 2013; the 2013 AGM reappointed Deloitte Accountants as the Company’s External Auditor for the reporting year 2014; the 2014 AGM reappointed Deloitte Accountants as the Company’s External Auditor for the reporting year 2015.
The external auditor conducts financial audits in accordance with legal requirements. The external auditor provides the Audit Committee on a regular basis with its findings.
The external auditor’s performance is discussed on an annual basis between the Audit Committee and the Board of Management. The outcome of the discussion shall be reported to the Supervisory Board.
Once every four years the Audit Committee and Board of Management shall conduct a thorough evaluation of the external auditor’s work performed for all ASML’s subsidiaries worldwide over the previous four years. The outcome shall be reported to the Supervisory Board and shall be communicated to the AGM. This report shall be taken into consideration when assessing the proposal for the reappointment/replacement of the external auditor.
The Audit Committee and the external auditor discuss at least once a year the relationship between the Board of Management and the external auditor and the relationship between the Audit Committee and the external auditor.
The Audit Committee, on behalf of the Supervisory Board, is responsible for the approval of the external auditor’s budget, fees and audit plan, which are determined on an annual basis. Information on the auditor’s fees can be found in Item 16 C of ASML’s Annual Report on Form 20-F, which can be downloaded below.
Contact details of the external auditor:
Deloitte Accountants B.V.
Flight Forum 1
5657 DA Eindhoven
|Annual Report on Form 20-F FY 2013||html version|
Page updated on 2014-4-25 12:15