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Internal control

The overall aim of internal control over financial reporting is to ensure, with reasonable assurance, that the internal and external reporting is reliable. The internal control must also ensure that the operations are conducted in accordance with applicable laws and regulations and comply with requirements for companies listed on Nasdaq First North Growth Market.

An internal control framework has been established within Storytel and has been continuously developed in recent years with the aim of supporting the organization and the systems and processes that contribute to Storytel’s ability to meet the mentioned requirements on financial reporting. Storytel’s internal control framework is based on COSO, which has been issued by the Committee of Sponsoring Organizations of the Treadway Commission. This framework rests on five components: Control Environment, Risk Assessment, Control Activities, Information And Communication, and Monitoring Activities.

For more information about internal control and risk assessment, please refer to Storytel’s annual report.