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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. 

As a matter of internal policy, and in order to safeguard the Auditor's independence, even though legislation would allow it, SNAM does not confer non-audit assignments on Auditors.

Deloitte & Touche S.p.A.

Paola Mariateresa RolliPartner:  Paola Mariateresa Rolli
   
Via Tortona 25, 20144 Milano
https://www.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 remuneration due to the independent auditing firm Deloitte & Touche 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  2021 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

159

 

Parent company’s independent auditor

Subsidiaries (2)

628

 

Parent company’s independent auditor network

Subsidiaries (2)

171

Certification services (3)

Parent company’s independent auditor

Parent Company

158

 

Parent company’s independent auditor

Subsidiaries (2)

14

 

Parent company’s independent auditor network

Subsidiaries (2)

                    5

                       1,135
 

(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) audits of the compliance of the consolidated financial statements with the provisions of Delegated Regulation (EU) 219/815 - ESEF; (iii) the limited review of the half-yearly financial of the half-yearly financial report; (iv) audits during the year pursuant to Article 14, letter b of Legislative Decree No. 39/2010; (v) the audits carried out in accordance with auditing standard ISA 600; (vi) the limited review of the Non-Financial Declaration pursuant to Legislative Decree 254/2016.

(2)Including fees related to companies under joint control, of which respectively €164,000 relating to audit services and €9,000 relating to attestation services. 

(3) The attestation services mainly concern: (i) the review of the control system on financial reporting; (ii) certifications (Comfort Letter) related to the issuance of issues of bonds; (iii) limited review of the directors' report pursuant to Article 2433-bis, paragraph 5 of the Italian Civil Code; (iv) verification of the conformity of the Sustainability Report of sustainability.

 

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11 April 2022 - 17:08 CEST