Audit firm

KPMG

The statutory audit mandate is entrusted to a specialist firm, appointed by the Shareholders' Meeting upon recommendation of the Board of Statutory Auditors. Our auditor is KPMG from the 2019 fiscal year onwards.

Following the recommendation of the  Board of Statutory Auditors, the Shareholders' Meeting held on April 20th, 2018 assigned the audit mandate for the statutory and consolidated financial statements to the company KPMG S.p.A. for the period 2019-2027, in accordance with Articles 14 and 16 of Legislative Decree no. 39 of January 27th, 2010.

The payment, for each of the nine financial years referred to in the assignment, is equal to 1.12 million euros, including the audit on Amplifon S.p.A and its foreign affiliates.

For the audit of the fiscal year 2019, entrusted to KPMG S.p.A. (statutory auditor: Claudio Mariani), the fees are as follows:

PWC 2018 fees

Independent auditing services

Limited assurance of the consolidated Non-financial Disclosure and other certification services

Certification services

Independent auditing services

Services other than auditing 1

Total

Service provided by

Independent auditing services

KPMG S.p.A.

Limited assurance of the consolidated Non-financial Disclosure and other certification services

KPMG S.p.A.

Certification services

KPMG S.p.A.

Independent auditing services

KPMG network

Services other than auditing 1

KPMG network and KPMG S.p.A.

Total

Recipient

Independent auditing services

Parent company – Amplifon S.p.A.

Limited assurance of the consolidated Non-financial Disclosure and other certification services

Parent company – Amplifon S.p.A.

Certification services

Parent company - Amplifon S.p.A.

Independent auditing services

Subsidiaries

Services other than auditing 1

Parent group – Amplifon S.p.A. and subsidiaries

Total

2019 fees

Independent auditing services

267,000

Limited assurance of the consolidated Non-financial Disclosure and other certification services

37,000

Certification services

6,000

Independent auditing services

1,252,260

Services other than auditing 1

35,466

Total

1,597,726

1 Services other than audits amount to €35,466 and refer to the preparation of VAT statements for Amplifon S.p.A, certifications for the capital increase of a French subsidiary, voluntary procedures relating to a few balances in the US financial statements, and the audit of Amplifon Iberica’s Non-Financial Statement.

The increase with respect to the initial budgeted amount of €442,260 is attributable to:

  • increases relating to audits of the consolidated financial statements following Group acquisitions (GAES, acquisitions in France and Germany, net of the deconsolidation of Turkey and Brazil): €165,796
  • increases linked to audits of statutory financial statements in the UK and the US requested by local management for business needs: €98,433
  • one-off increase related to the audit of 2017-2018 statutory financial statements in the US linked to the above item (in the United States statutory financial statements have two years of comparative figures): €178,031

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