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 24
April 2018 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 PricewaterhouseCoopers S.p.A. for FYs 2018-2026. The same
Shareholders’ Meeting, after having consulted with the Board of Statutory Auditors, resolved the
mutual termination of the appointment conferred in April 2010 on the independent auditing firm EY
S.p.A., in office, therefore, until approval of the financial statements for the year ended on 31
December 2017.
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.
PricewaterhouseCoopers S.p.A.
Partner: Giulio Grandi
Via Monterosa 91,
20149 Milan
https://www.pwc.com/it/it.html
Key clients (present and past), in addition to the Snam Group:
ACEA Group, Italgas Group, Edison Group, A2A Group, Saras Group, ENEL Trade, MM SpA, Loro
Piana Group , Falck Group and the Italian subsidiaries of the British Gas Group and the Sasol
Group.
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 FY 2018, 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
2018
Annual Financial Report, are shown below:
(€ thousands)
Service |
Service provider |
Beneficiary |
Fees |
---|---|---|---|
Auditing (1) |
Auditor of the Parent Company |
Parent Company |
152 |
Auditor of the Parent Company |
Subsidiaries (2) |
286 |
|
Network of the Auditor of the Parent Company |
Subsidiaries (3) |
110 |
|
Attestation services (3) |
Auditor of the Parent Company |
Parent Company |
210 |
Auditor of the Parent Company |
Subsidiaries |
11 |
|
769 |
(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., subsidiaries and
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 verification of the compliance of the Sustainability Report.
(2) Including fees related to companies under joint control, of which respectively 38
thousand euros related to auditing and 4 thousand euros related to attestation services.
(3) The certification services mainly regard: (i) the audit of the financial reporting
control system; (ii) the 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.
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., subsidiaries and
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 verification of the compliance of the Sustainability Report.
2) Including fees related to companies under joint control, of which respectively 38 thousand
euros related to auditing and 4 thousand euros related to attestation services.
3) The certification services mainly regard: (i) the audit of the financial reporting control
system; (ii) the 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.
.
22 March 2019 - 09:38 CET