The External Auditor of ASML is appointed by the Annual General Meeting ("AGM") for one-year terms. At the 2015 AGM KPMG Accountants N.V. was appointed as the Company’s External Auditor for the reporting year 2016; at the 2016 AGM KPMG Accountants N.V. was appointed as the Company’s External Auditor for the reporting year 2017.
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:
KPMG Accountants N.V.
Professor Dr. Dorgelolaan 30a
5613 AM Eindhoven