Chrysler 2008 Annual Report Download - page 335

Auditors’ Reports334
To the Shareholders of FIAT S.p.A.
1. 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, 2008, which comprise the
consolidated balance sheet, the consolidated statements of
income, changes in shareholders’ equity, and cash flows and
the related explanatory notes. These consolidated financial
statements, prepared 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 n. 38/2005, are the responsibility
of the Company's Directors. Our responsibility is to express an
opinion on these consolidated financial statements based on
our audit.
2. 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 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 18, 2008.
3. In our opinion, the consolidated financial statements present
fairly the financial position of the Fiat Group as of December
31, 2008, 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 n. 38/2005.
4. The Directors of Fiat S.p.A. are responsible for the
preparation of the Report on Operations in accordance with the
applicable laws and regulations. Our responsibility is to
express an opinion on the consistency of the Report on
Operations with the consolidated financial statements, as
required by art. 156, paragraph 4-bis, letter d), of Legislative
Decree n. 58/98. For this purpose, with reference to the
financial information included therein, we have read the Report
on Operations and verified the consistency of such financial
information with the consolidated financial statements of the
Fiat Group as of December 31, 2008. With reference to the
other information included in the Report on Operations, our
procedures consisted solely in a reading of the Report on
Operations as a whole in light of the information acquired
during our audit, carried out in accordance with the auditing
standards indicated in the paragraph 2. above. In our opinion,
based on this activity, the Report on Operations is consistent
with the consolidated financial statements of the Fiat Group as
of December 31, 2008.
DELOITTE & TOUCHE S.p.A.
signed by FABRIZIO FAGNOLA
Fabrizio Fagnola
Partner
February 18, 2009, Turin, Italy
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 n. 58 of February 24, 1998