Kalmar Nation – audit 2026

About the review

The audit of the 2026 annual accounts will take place in early 2027.
Kalmar Nation's financial year runs 1 January – 31 December 2026. The annual accounts are finalised by the PQe and submitted to the auditor after the new year. This page will be updated as the review progresses.

An audit is an independent check of the association's finances – a bit like having an outsider double-check that the cash book adds up. The audit covers two parts: accounts review and governance review.

Read an accessible guide on how auditing works →

Kalmar Nation statutes – what they mean for the audit →

Documents already available

The following documents are already available for the 2026 financial year:

Note: these reports are preliminary and were produced during 2026. The final annual accounts will be prepared at the close of the financial year (December 2026 – January 2027).

Review status

Below are all parts of the audit and how far the work has progressed. Approved = complete with no issues Warning = something needs investigating Open = not yet started or awaiting documentation

What is reviewed – 10 steps (mirroring generellt_eng.html)	Status
1Risk assessment before the review	Not started
Statute review and risk assessment Statutes reviewed. Risks identified: personnel changes, financial developments, internal controls. Carried out once the accounts are received.	Awaiting accounts
2Bank reconciliation	Not started
Bank reconciliation SEB as of 2026-12-31 The bank's account summary as of 31 December 2026 will be reconciled against the balance sheet's bank accounts.	Awaiting documents
3aResult = change in equity – initial check	Not started
Consistency check: result = change in equity Basic check that the year's result exactly explains the change in equity. Opening item: the 2025 result (SEK 645,263) must be posted in the 2026 books: debit 2099 / credit 2010.	Awaiting accounts
3bFinal confirmation of the result	Not started
Verification against final accounts Preliminary result confirmed against the finalised annual accounts. Any late adjustments identified and reviewed.	Awaiting accounts
4Continuity check – CB = OB next year	Not started
Continuity CB 2025 = OB 2026 Confirmed in the 2025 audit: OB 2026 matches CB 2025 on all accounts. Opening balance check confirmed.	Pre-confirmed (2025 audit)
Continuity CB 2026 = OB 2027 Checked when the January 2027 report is available.	Awaiting January 2027 report
5Sample checks on vouchers Voucher list	Not started
Sample checks – supplier invoices, payments, manual entries Voucher list Voucher list requested from PQe (Fortnox: Bookkeeping → Reports → Voucher list, period 2026-01-01–2026-12-31, export as Excel). Samples selected from series A, U and M.	Awaiting voucher list
6Comparative analysis year by year	Not started
Multi-year analysis 2024–2026 How have revenues, costs and equity developed? Comparison with 2025 (revenue SEK 4.3m, result SEK 645,263) and 2024. Follow-up on open items from 2025: older receivables SEK 42,961 (2022–2024), consumables (+112% in 2025).	Awaiting accounts
7Receivables – age analysis and doubtful debts Voucher list	Not started
Receivables analysis – open item from the 2025 audit Voucher list Outstanding prior-year receivables of SEK 42,961 remained as of 2025-12-31 (2022: SEK 13,151; 2023: SEK 9,257; 2024 excl. tobacco machine: ~SEK 20,553). These must be reviewed and valued in the 2026 audit. Have they been settled, written off, or do they remain? Negative balances on officeholder accounts (1602, 1603, 1605, total −SEK 1,498.75 as of 2025-12-31): check that reclassification to a liability account has been made, or that the Seniors Board's resolution on kuratels sweaters has been reflected in the bookkeeping.	Awaiting accounts and accounts receivable ledger
8Fraud check Voucher list	Not started
Series overview and review of unusual transactions Voucher list Review of all voucher series. The Y-series (manual year-end entries) is reviewed with the lesson from 2025 in mind (entry Y2): check that no circular entries are present.	Awaiting voucher list
9Governance review – the board's management	Not started
Review of activity report and board decisions Activity report for 2026 requested. Check that the board acted in accordance with the statutes. Ambition for the 2026 audit: supplement with a review of board meeting minutes (not carried out in 2025).	Awaiting activity report
10Full audit report	Not started
Audit report for the 2026 financial year Prepared once the review is complete. Presented at the Nation Meeting in 2027.	Not started

Review notes as of 2026-06-08

Observation – employer social contributions absent from the 2025 annual accounts. A review of the 2025 income statement revealed that no entries appear on accounts for employer social contributions (BAS accounts 7510–7519). Under Swedish tax law (Socialavgiftslagen, SFS 2000:980), a non-profit association that pays wages is obliged to pay employer contributions – normally 31.42 % of gross wages (20.81 % for employees aged 18–22, temporarily from April 2026 through September 2027). There is no general exemption, to the auditor's knowledge, for student nations.

A question has been sent to PQe 2026 (2026-06-08). Possible explanations are that the contributions have been coded to the wages account (a presentation issue) or that they have not been paid at all (a compliance issue). A response is awaited.

Next step: Check accounts 7510–7519 early in the review of the 2026 annual accounts. Verify that the amounts are reasonable in relation to the total wage bill.

Review notes as of 2026-06-21

Audit 2025 closed – action points for the 2026 accounts

The nation meeting on 27 May 2026 approved the 2025 annual accounts. The final result is confirmed at 645,262.92 SEK. The audit of financial year 2025 is accordingly closed.

Action points for PQe 2026 (Cas) in the 2026 accounts

Profit appropriation (after the nation meeting resolution):
Debit 2099 Net result for the year / Credit 2010 Retained earnings = 645,262.92 SEK
Painting restoration (Storaste Kroppkakan, Note 10):
The nation meeting resolved to earmark 46,036.72 SEK for repairing damaged paintings. No provision is required at this stage – the amount is not a liability under K2. When the repair is carried out and the invoice arrives, the cost is expensed as a normal operating cost (account 5xxx or 6xxx) in that year.

Employer social contributions – resolved

The absence of entries on accounts 7510–7519 in the 2025 accounts is explained: the payroll administrator (Contrado) invoices everything to account 7210. Check early in the 2026 audit review that the account 7210 amount is reasonable relative to the prior year and that the invoice is present as supporting documentation.

Audit 2025 closed

The technical instruction that governs how the AI assistant acts as auditor is found in CLAUDE.md. That file is written for the AI model – detailed and technical – and is not primarily intended as easy reading for non-accountants. To understand the audit process in a simple way, read the guide to auditing instead.