Chrysler 2007 Annual Report Download - page 323

Auditors’ Reports322
To the Stockholders of FIAT S.p.A.
We have audited the consolidated financial statements of
Fiat S.p.A. and its subsidiaries (the “Fiat Group”) as of and for
the year ended December 31, 2007, which comprise the
consolidated balance sheet, the consolidated statements of
income, changes in stockholders’ equity, and cash flows and
the related explanatory notes. These consolidated financial
statements are the responsibility of the Company's Directors.
Our responsibility is to express an opinion on these
consolidated financial statements based on our audit.
We conducted our audit in accordance with the Auditing
Standards recommended by CONSOB, the Italian Regulatory
Commission for listed Companies and the Stock Exchange.
Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the consolidated
financial statements are free of material misstatement.
An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting
principles used and significant estimates made by the
Directors, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable
basis for our opinion. For the opinion on the prior year’s
consolidated financial statements, the balances of which are
presented for comparative purposes, reference should be made
to our auditors’ report issued on February 22, 2007.
In our opinion, the consolidated financial statements present
fairly the financial position of the Fiat Group as of December
31, 2007, and the results of its operations and its cash flows for
the year then ended in accordance with International Financial
Reporting Standards as adopted by the European Union and
the requirements of national regulations issued pursuant to art.
9 of Italian Legislative Decree no. 38/2005.
DELOITTE & TOUCHE S.p.A.
/s/ FABRIZIO FAGNOLA
Fabrizio Fagnola
Partner
Turin, Italy, February 18, 2008
This report has been translated into the English language
solely for the convenience of international readers.
Auditors’ Report on the Consolidated Financial
Statements Pursuant to Art. 156 of Legislative
Decree no. 58 of February 24, 1998