Chrysler 2004 Annual Report Download - page 212
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210
To the Stockholders of FIAT S.p.A.:
We have audited the financial statements of Fiat S.p.A. as of
and for the year ended December 31, 2004. These financial
statements are the responsibility of the Company's Directors.
Our responsibility is to express an opinion on these financial
statements based on our audit.
We conducted our audit in accordance with generally accepted
auditing standards in Italy as recommended by the Italian
Regulatory Commission for Companies and the Stock Exchange
(CONSOB). Those Standards require that we plan and perform
the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement and are,
as a whole, reliable. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the
adequacy and the fairness of the accounting principles used and
REPORT OF THE
EXTERNAL
AUDITORS ON THE FINANCIAL STATEMENTS
PURSUANT TO ART. 156 OF LEGISLATIVE DECREE NO. 58 OF FEBRUARY 24, 1998
the reasonableness of the estimates made by the Directors. We
believe that our audit provides a reasonable basis for our
opinion. The audit of the financial statements of the subsidiary
Magneti Marelli Holding S.p.A., in which Fiat holds an
investment which represents 13% of the total investments in
shareholdings and 4% of the total assets reported in the
financial statements, is the responsibility of other auditors.
For the opinion on the prior year's financial statements, which
are presented for comparative purposes as required by law,
reference should be made to our auditors’ report dated April 8,
2004.
In our opinion, the financial statements of Fiat S.p.A. as of and
for the year ended December 31, 2004 comply with the Italian
statutory provisions governing the criteria for their preparation;
accordingly, they give a true and fair view of the Company’s
financial position and results of operations.
Turin, Italy
April 5, 2005
Deloitte & Touche S.p.A.
Piergiovanni Pasquarelli - Partner
This report has been translated into the English language solely
for convenience of international readers.