Auditing firm
External auditing is entrusted in accordance with the law to an independent auditing firm entered in the relevant register and appointed by the Shareholders' Meeting on the reasoned proposal of the Board of Statutory Auditors.
On the proposal of the Board of Statutory Auditors, the Shareholders' Meeting of Snam of 23 October 2019 conferred the appointment: (i) for the external audit of the financial statements for the year and the consolidated financial statements; (ii) for verifying, during the course of the financial year, the correct keeping of the company accounts and correct recording of the operating events in the accounts; and (iii) the limited audit of the accounts of the half-yearly report, on the independent auditing firm Deloitte & Touche S.p.A. for FYs 2020-2028. The same Shareholders’ Meeting, after having consulted with the Board of Statutory Auditors, resolved the mutual termination of the appointment conferred in April 2018 on the independent auditing firm PricewaterhouseCoopers S.p.A., in office, therefore, until approval of the financial statements for the year ended on 31 December 2019.
The company appointed to perform the external audit of the accounts of Snam and the consolidated financial statements has a similar appointment for the main subsidiaries.
Deloitte & Touche S.p.A.
Partner:
Paola Mariateresa Rolli
Via Tortona 25, 20144 Milano
https://www2.deloitte.com/it/it.html
Key clients (present and past), in addition to the Snam Group:
Group Sorgenia, Group Italgas, Group Gas Plus, Repsol Italia, Group Itelyum Generation, Group
Itelyum Purification.
The reports of the independent auditing firm are available for consultation together with the
financial statements for the year and the half-yearly reports on the page
Financial statements and reports.
The fees pertaining to the financial year due to the independent auditing firm
PricewaterhouseCoopers S.p.A. for services supplied to the parent company Snam S.p.A., its
subsidiaries and the companies under joint control, as indicated in the
2019 Annual Financial Report, are shown below:
(€ thousands)
Type of services |
Subject that provided the service |
Recipient |
Remuneration |
---|---|---|---|
Audit of the accounts (1) |
Parent company’s independent auditor |
Parent Company |
188 |
Parent company’s independent auditor |
Subsidiaries |
449 |
|
Parent company’s independent auditor network |
Subsidiaries (2) |
147 |
|
Certification services (3) |
Parent company’s independent auditor |
Parent Company |
230 |
Parent company’s independent auditor |
Subsidiaries |
43 |
|
Parent company’s independent auditor network |
Subsidiaries (2) |
4 |
|
1,061 |
(1) The auditing of the accounts mainly comprises: (i) the auditing of the consolidated
financial statements and the financial statements for the year of Snam S.p.A., the subsidiaries and
the companies under joint control; (ii) the limited audit of the half-yearly financial report;
(iii) the accounting checks performed during the financial year in accordance with Art. 14, letter
b of Italian Legislative Decree no. 39/2010; (iv) the checks performed in compliance with
international standard on auditing ISA 600;(v) the limited review of the Non-financial statement
pursuant to Legislative Decree 254/2016; (vi) the verification of the compliance of the
Sustainability Report.
(2) Including fees related to companies under joint control, of which respectively 40
thousand euros related to auditing and 4 thousand euros related to certification services.
(3) The certification services mainly regard: (i) the audit of the financial reporting
control system; (ii) comfort letters connected with the issues of bonds; (iii) the limited audit of
the directors’ report in accordance with Art. 2433-bis, subsection 5 of the Italian Civil Code.
04 August 2020 - 15:36 CEST