Chrysler 2007 Annual Report Download - page 324

Auditors’ Reports 323
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, 2007, which comprise the
balance sheet, the statements of income, changes in
stockholders’ equity and cash flows and the related explanatory
notes. 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 the Auditing
Standards recommended by CONSOB, the Italian 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 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 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 financial statements present fairly the
financial position of Fiat S.p.A. 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 Financial Statements
Pursuant to Art. 156 of Legislative Decree no. 58
of February 24, 1998