Since fiscal 2018, KPMG AG Wirtschaftsprüfungsgesellschaft, Düsseldorf (Germany) (KPMG AG), has been the elected statutory auditor of Covestro AG and the Covestro Group. Dr. Kathryn Ackermann has been the auditor primarily responsible for carrying out the audit of the consolidated financial statements since April 21, 2022. Dr. Kathryn Ackermann and Marc Ufer were responsible for carrying out the 2024 audit of the consolidated financial statements. Dr. Kathryn Ackermann and Mr. Marc Ufer first signed the Independent Auditor’s Report on December 31, 2022.
The following fees were recognized as expenses in the given fiscal year for the services provided by KPMG AG:
| Audit fees | ||
|---|---|---|
| 2023 | 2024 | |
| € million | € million | |
| Audit services | 3.4 | 3.6 |
| Other assurance services | 1.1 | 2.3 |
| Total | 4.5 | 5.9 |
The fees for the auditing of financial statements in fiscal 2024 mainly comprise those for the statutory audit of the consolidated financial statements and the single-entity financial statements of Covestro AG and its subsidiaries in Germany.
The fees for other assurance services in fiscal 2024 include, in particular, the review of financial information between reporting dates, the audit of sustainability information, and special energy industry audits. The audit of sustainability information essentially comprises the separate audit of the Group Sustainability Report, which was prepared for the first time this year in full application of the European Sustainability Reporting Standards (ESRS).