We perform statutory audit engagements and act as members of Boards of Statutory Auditors and other control bodies of companies and entities, with particular attention to the reliability of financial reporting, the adequacy of administrative and accounting systems and compliance with the independence and professional requirements established by the applicable regulations.
As part of corporate control engagements, our professionals supervise compliance with the principles of proper administration, the adequacy of organisational, administrative and accounting arrangements and the effectiveness of internal control systems, taking into account the characteristics, size and risks of the organisation.
Statutory audit is aimed at enhancing the reliability of financial reporting and is performed in accordance with applicable legislation and auditing standards, through audit planning, risk assessment and the examination of systems and procedures relevant to financial reporting.
In particular, we provide:
- statutory audits of annual financial statements and, where applicable, consolidated financial statements;
- appointments as members of Boards of Statutory Auditors and other control bodies;
- analysis of administrative and accounting systems and related procedures;
- assessment of internal control systems and information flows relevant to the activities of corporate control bodies;
- assessment, as part of statutory supervisory duties, of the adequacy and effective functioning of organisational, administrative and accounting arrangements;
- analysis of financial, economic and balance-sheet information in connection with extraordinary transactions, where compatible with the applicable independence requirements;
- technical expert assignments and opinions in accounting, corporate and financial matters, including appointments by judicial authorities and party-appointed technical consultancy.
The activities of corporate control bodies also play an important role in assessing adequate organisational arrangements and monitoring systems, including for the timely identification of economic, financial and balance-sheet imbalances and early signs of potential business distress.
