Independent Auditing
For Intesa Sanpaolo, as a listed company (Public Interest Entity pursuant to the relevant regulations), auditing of the accounts may only be conducted by an independent auditing firm (Auditor), responsible for verifying, during the year, the regular keeping of corporate accounts and the proper recording of management operations in the books, and for expressing, through the appropriate reports, an opinion on the Parent Company's and consolidated financial statements, as well as on the half-yearly report, after ascertaining that they correspond to the accounting entries and related audits and that such records comply with the relevant regulations.
The appointment of the independent auditors is conferred by the Ordinary Shareholders' Meeting after the motivated proposal of the Management Control Committee (after the motivated proposal of the Supervisory Board until April 2016).
The Shareholders' Meeting of 10 May 2011 appointed KPMG S.p.A. as independent auditor from 2012 to 2020.
Pursuant to article 149-duodecies of Consob Regulation 11971, the table below shows 2019 fees for auditing and services other than auditing.
(millions of euro)
| TYPE OF SERVICE | INTESA SANPAOLO | GROUP COMPANIES (*) | ||
|---|---|---|---|---|
| KPMG | KPMG NETWORK | KPMG | KPMG NETWORK | |
| Independent audit (**) | 9.71 | - | 10.54 | - |
| Release of attestations (***) | 1.65 | - | 1.99 | - |
| Other services: | ||||
| agreed audit procedures | 0.16 | - | 0.52 | - |
| consolidated non-financial statement | 0.12 | - | 0.06 | - |
| TOTAL | 11.64 | - | 13.11 | - |
(*) Group companies and other consolidated subsidiaries.
(**) Including costs for statutory audit and voluntary audit. Costs for audit of non-consolidated funds for about 7.7 million euro are not included.
(***) Including audit costs, on a voluntary basis, for "Pillar 3" disclosure.
Amounts net of VAT and reimbursed expenses and Consob contribution.
Last updated 20 March 2020 at 15:23:15
