Aspiro’s internal control structure has the following basic elements:
• The division of responsibility between the Board of Directors and Chief Executive Officer;
• The group’s organizational structure with well-defined accountability and delegation of responsibility;
• Control documents with policies and guidelines;
• A management system based on a number of well-defined planning, executive and supporting processes.

The Swedish Companies Act stipulates that the Board is responsible for the company maintaining satisfactory internal controls. Responsibility for maintaining an effective control environment and ongoing internal control and risk management activities are delegated to the group management, where the Chief Financial Officer bears main responsibility for implementing, enhancing and maintaining the group’s control routines. Additionally, managers at various levels of the company are accountable for their own areas of responsibility.

Regular reporting and review of financial results is conducted in the operational units’ management forums and the Board of Directors. Moreover, each line manager is responsible for ensuring that his or her activities deliver results. Aspiro can monitor its operations and results in detail on a daily basis with the aid of a sophisticated statistics system. The same statistics system is also used to generate supporting data for scheduled reporting to the corporate management and Board of Directors. All operator billing and accounts are simultaneously reconciled with these statistics to guarantee the closest possible correlation between the statistics and daily monitoring, and the actual figures in the accounts.

Aspiro has information and communication channels that ensure its instructions and manuals are available to all employees.
The Board’s report on the internal control of financial reporting for 2007 has not been reviewed by the company’s auditors. The report is available at Aspiro’s website (in Swedish only).