What the auditors must consider
Kalmar Nation's statutes (HT25) define the auditors' mandate and the governing framework. Download statutes (PDF, Swedish) →
| Clause | What the auditors must consider |
|---|---|
| § 1 – Purpose | The nation shall support members' studies, strengthen community ties, and administer scholarship funds and donations. The governance review must verify that all activities align with this stated purpose. |
| § 4 – Membership fees | Fee levels are decided by the General Assembly. Verify that fees actually charged match the Assembly's resolution. |
| § 34 – Budget and activity plan | The Board (seniorskollegiet) must prepare a budget before each financial year and present it at the General Assembly. Request the 2025 budget and compare actual outcomes against it – deviations must be commented on. |
| § 35 – Deadline for annual accounts | Annual accounts and the audit report must be presented at a General Assembly within six months of the financial year-end – i.e. by 30 June 2026 for the 2025 financial year. Document that the deadline is met. |
| § 79 – Election of auditors | Auditors are elected at the ordinary General Assembly in December for one year, taking office on 1 January. Verify that the election was properly conducted and that the mandate period is in order. |
| § 80 – Financial year and accounts | The financial year runs 1 January–31 December. Both the Board's and the House Board's accounts must be closed with a balance sheet, income statement, supplementary notes and an activity report. The House Board (Kalmar Nations Studentbostäder AB) is a separate area of review. |
| § 82 – Authorised signatories | The Kurator and Prokurator ekonomi may sign individually for day-to-day matters. However, purchases, sales, pledging or mortgaging of real property or securities require the joint signature of Inspektor, Kurator and Prokurator ekonomi. Verify any securities transactions (financial investments in the balance sheet) against this requirement. |
| § 83 – Auditors' mandate | Auditors must review the Board's and House Board's administration, accounts, and donations administered by the nation. Scholarship funds are a distinct area of review and must be covered in the audit report. |
| § 84 – Three-week deadline | Annual accounts must be delivered to the auditors at least three weeks before the General Assembly. Document when the accounts were actually received – any delay constitutes a finding in the audit report. |