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.
With the approval of the 2018 financial statements, PricewaterhouseCoopers’ (PwC) statutory audit mandate has expired after at nine years.
Bearing in mind the size of our group, as well as the need for efficiency and efficacy of auditing, our Board of Statutory Auditors has launched the procedure for selecting the audit firm for the fiscal years 2019-2027 one year before the PwC mandate expiry. This advance, which is common practice among listed companies, allows in fact the new auditor to best organize the transition, while acquiring more knowledge of the group.
Following the recommendation of the Board of Statutory Auditors, the Shareholders' Meeting held on April 20th, 2018 therefore 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 2018, entrusted to PwC (statutory auditor: Massimo Rota), the fees are as follows:
PWC 2018 fees
|
Independent auditing services |
|
Limited assurance of the consolidated Non-financial Disclosure and other certification services |
|
Total - Parent group |
|
Independent auditing services |
|
Services other than auditing 1 |
|
Total |
Service provided by
|
Independent auditing services |
PwC |
|
Limited assurance of the consolidated Non-financial Disclosure and other certification services |
PwC |
|
Total - Parent group |
PwC |
|
Independent auditing services |
PwC |
|
Services other than auditing 1 |
PwC |
|
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. |
|
Total - Parent group |
|
|
Independent auditing services |
Subsidiaries |
|
Services other than auditing 1 |
Parent group – Amplifon S.p.A. and subsidiaries |
|
Total |
2018 fees
|
Independent auditing services |
304.765 |
|
Limited assurance of the consolidated Non-financial Disclosure and other certification services |
88.780 |
|
Total - Parent group |
393.545 |
|
Independent auditing services |
1.165.311 |
|
Services other than auditing 1 |
231.422 |
|
Total |
1.790.278 |
1 Other services mainly include tax assistance to US and Swiss affiliates.
