1. Auditors’ Report on 2009 Accounts

2. Who is doing what? Supervision EFI Board Registration of individual operations: EFI HQ: Risto Paivinen & Kirsi Loisa EFI ROs: connection between ROs and HQ Authorised Public Accountant: Jukka Malkki Member’s Auditor: Jean-Luc Peyron

3. Members’ audit March 2010: Year 2009 End Audit Memorandum June 2010: Auditors’ Note and Report (see documents) September 2010: Presentation at the Annual Conference

4. Year 2009 End Audit Memorandum Internal control system is on adequate level Financial statement are in accordance with the Finnish Accounting Standards (FAS) The International Accounting Standards are taken into account through FAS Profit of 46,000 € Two new RO’s for which the recommendations of the interim audit memorandum of 17 October 2008 are valid.

5. Auditor’s Note and Report … « The financial statements give a true and fair view of the financial performance and financial position of the European Forest Institute in accordance with the laws and regulations… » We recommend that the financial statements are adopted.