We have a new identity for the Atlas Copco Group

The Atlas Copco Group logo on a white background

We have a new identity for the Atlas Copco Group

The Atlas Copco Group logo on a white background

We have a new identity for the Atlas Copco Group

The Atlas Copco Group logo on a white background

We have a new identity for the Atlas Copco Group

The Atlas Copco Group logo on a white background

We have a new identity for the Atlas Copco Group

The Atlas Copco Group logo on a white background

We have a new identity for the Atlas Copco Group

The Atlas Copco Group logo on a white background

We have a new identity for the Atlas Copco Group

The Atlas Copco Group logo on a white background

We have a new identity for the Atlas Copco Group

The Atlas Copco Group logo on a white background

Enabling the transformation to a low-carbon society

Fully committed to being part of the solution for a better tomorrow, we have set science-based targets to reduce greenhouse gas emissions in line with the goals of the Paris Agreement.
Thumbnail image for a video introducing our science-based targets

Enabling the transformation to a low-carbon society

Fully committed to being part of the solution for a better tomorrow, we have set science-based targets to reduce greenhouse gas emissions in line with the goals of the Paris Agreement.
Thumbnail image for a video introducing our science-based targets

Enabling the transformation to a low-carbon society

Fully committed to being part of the solution for a better tomorrow, we have set science-based targets to reduce greenhouse gas emissions in line with the goals of the Paris Agreement.
Thumbnail image for a video introducing our science-based targets

Enabling the transformation to a low-carbon society

Fully committed to being part of the solution for a better tomorrow, we have set science-based targets to reduce greenhouse gas emissions in line with the goals of the Paris Agreement.
Thumbnail image for a video introducing our science-based targets

Enabling the transformation to a low-carbon society

Fully committed to being part of the solution for a better tomorrow, we have set science-based targets to reduce greenhouse gas emissions in line with the goals of the Paris Agreement.
Thumbnail image for a video introducing our science-based targets

Enabling the transformation to a low-carbon society

Fully committed to being part of the solution for a better tomorrow, we have set science-based targets to reduce greenhouse gas emissions in line with the goals of the Paris Agreement.
Thumbnail image for a video introducing our science-based targets

Enabling the transformation to a low-carbon society

Fully committed to being part of the solution for a better tomorrow, we have set science-based targets to reduce greenhouse gas emissions in line with the goals of the Paris Agreement.
Thumbnail image for a video introducing our science-based targets

Enabling the transformation to a low-carbon society

Fully committed to being part of the solution for a better tomorrow, we have set science-based targets to reduce greenhouse gas emissions in line with the goals of the Paris Agreement.
Thumbnail image for a video introducing our science-based targets

Are you up for a challenge?

Join us on an interactive journey to learn more about our culture.
Atlas Copco colleagues in discussion.

Are you up for a challenge?

Join us on an interactive journey to learn more about our culture.
Atlas Copco colleagues in discussion.

Are you up for a challenge?

Join us on an interactive journey to learn more about our culture.
Atlas Copco colleagues in discussion.

Are you up for a challenge?

Join us on an interactive journey to learn more about our culture.
Atlas Copco colleagues in discussion.

Are you up for a challenge?

Join us on an interactive journey to learn more about our culture.
Atlas Copco colleagues in discussion.

Innovation stories

Do you want to learn about our innovations? How operators benefit from our ergonomic equipment or how we secure a minimal impact on the environment?
Corporate people observing parts of products in the field, cover image, ideas, backlight, touch screen

Innovation stories

Do you want to learn about our innovations? How operators benefit from our ergonomic equipment or how we secure a minimal impact on the environment?
Corporate people observing parts of products in the field, cover image, ideas, backlight, touch screen

Innovation stories

Do you want to learn about our innovations? How operators benefit from our ergonomic equipment or how we secure a minimal impact on the environment?
Corporate people observing parts of products in the field, cover image, ideas, backlight, touch screen

Innovation stories

Do you want to learn about our innovations? How operators benefit from our ergonomic equipment or how we secure a minimal impact on the environment?
Corporate people observing parts of products in the field, cover image, ideas, backlight, touch screen

Innovation stories

Do you want to learn about our innovations? How operators benefit from our ergonomic equipment or how we secure a minimal impact on the environment?
Corporate people observing parts of products in the field, cover image, ideas, backlight, touch screen

Our annual Industrial Ideas magazine

features stories about how we innovate for a sustainable future and push technology and society forward together with our customers.
Atlas Copco's Industrial Ideas magazine

Our annual Industrial Ideas magazine

features stories about how we innovate for a sustainable future and push technology and society forward together with our customers.
Atlas Copco's Industrial Ideas magazine

Our annual Industrial Ideas magazine

features stories about how we innovate for a sustainable future and push technology and society forward together with our customers.
Atlas Copco's Industrial Ideas magazine

Our annual Industrial Ideas magazine

features stories about how we innovate for a sustainable future and push technology and society forward together with our customers.
Atlas Copco's Industrial Ideas magazine

Our annual Industrial Ideas magazine

features stories about how we innovate for a sustainable future and push technology and society forward together with our customers.
Atlas Copco's Industrial Ideas magazine
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Audit and financial reporting

Financial statements are prepared in accordance with law and International Financial Reporting Standards (IFRS).

Auditors

The task of the external auditor is to examine Atlas Copco Group’s annual accounts and accounting practices, as well as to review the Board and the CEO’s management of the company. The auditing firm Ernst & Young AB was elected external auditor at the AGM 2023 in compliance with a proposal from the Nomination Committee. The principal auditor is Erik Sandström, Authorized Public Accountant at Ernst & Young. Atlas Copco Group puts a lot of emphasis on environmental, social and governance performance, all of which are measured regularly and reported in the financial statements under Sustainability Notes. Since 2001, the financial statements are prepared annually in accordance with Global Reporting Initiative (GRI) guidelines.

Internal controls over financial reporting

Internal controls over financial reporting are prepared in accordance with the Swedish Code of Corporate Governance as stipulated by the Swedish Companies Act. The internal control process comprises four internal control components: risk assessment, control activities, information and communication, and monitoring. The starting point for the process is the regulatory framework for internal control issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The basis for the internal control process is defined by the overall control environment. The Board of Directors is responsible for establishing an efficient internal controls system led by the CEO. Group Management sets the tone for the organization, influencing the control consciousness of employees. A key factor for a strong control environment lies in making sure that the organizational structure, decision hierarchy, corporate values – in terms of ethics and integrity – as well as authority to act are clearly defined and communicated through internal policies, guidelines, manuals, and codes. All employees must follow these policies and guidelines. Atlas Copco Group applies different processes to assess and identify the main risks related to financial reporting misstatements. The risk assessment process is performed regularly to identify new risks and follow up actions made in response to previously identified risks. The identified risks are managed through control activities, which are documented in processes and internal control descriptions at Company, Division, Business area, and Group level. These aim to prevent, detect and correct errors and non-compliance and include, for example, instructions for attests and authority to pay, controls in business systems, as well as accounting and business reporting processes. Information and communication channels are designed to make sure that information is identified, captured and communicated in a form and time frame that enables employees and managers to carry out their responsibilities. Reporting instructions and accounting guidelines are communicated to the personnel concerned in the internal database The Way We Do Things and supported by, for example, training programs for different categories of employees. We continuously monitor adherence to internal policies, guidelines, manuals, and codes, as well as the efficiency of control activities. The internal controls system is continuously evaluated and followed up in our operations, including regular management reviews and supervisory processes, as well as through internal audits and control self-assessments. The Audit Committee has an important role in supporting the Board of Directors in monitoring whether internal control processes facilitate adequate internal controls over financial reporting.

Read more about these processes in the Atlas Copco Annual Report under Corporate Governance.