Chrysler 2008 Annual Report Download - page 336

Auditors’ Reports 335
To the Shareholders of FIAT S.p.A.
1. We have audited the statutory financial statements of Fiat
S.p.A. as of and for the year ended December 31, 2008, which
comprise the balance sheet, the statements of income, changes
in shareholders’ equity and cash flows and the related
explanatory notes. These 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 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 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 18, 2008.
3. In our opinion, the statutory financial statements present
fairly the financial position of Fiat S.p.A. 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 statutory 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 financial statements of Fiat S.p.A. 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 statutory financial
statements of Fiat S.p.A. 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 Statutory Financial
Statements pursuant to Art. 156 of Legislative
Decree n. 58 of February 24, 1998