Chrysler 2009 Annual Report Download - page 355

354 REPORTS OF
THE BOARD OF
STATUTORY
AUDITORS
The Board of Directors provided us with the report on operations for the first half of the year by the statutory deadline and
published it in accordance with the Consob requirements. It also complied with the legal requirement for quarterly reports. With
regard to Consob communications, for those matters falling under our jurisdiction, we can confirm the following:
the information provided by the Directors in the report on operations is comprehensive and complete;
as required by Legislative Decree no. 58/1998, we have been informed on a constant basis on matters falling under our
jurisdiction;
no third party, related party or intercompany transactions which were atypical and/or unusual, as defined in the Consob
Communication of 28 July 2006, were revealed by the periodic checks and audits we performed;
with regard to intercompany transactions, the Board of Directors states in the Notes to the Financial Statements that
numerous transactions involving the sale of goods and the provision of services took place between the Company and other
Group companies, as well as related parties. The report on operations further states that these transactions were executed
at standard market terms for the nature of the goods and/or services offered;
no issues requiring mention arose from meetings conducted with the Statutory Auditors of the principal subsidiaries;
we have reviewed and obtained information on the organisational and procedural measures implemented pursuant to and for
the effects of Legislative Decree 231/2001, as amended, on the liability of legal persons for the crimes addressed therein. No
significant issues requiring mention arose from the report of the Compliance Program Supervisory Body on activities carried
out during 2009 or meetings conducted between the Body and the Board of Statutory Auditors;
no significant issues arose during meetings held with the Independent Auditors pursuant to Article 150 of Legislative Decree no.
58/1998;
the report of the Independent Auditors, issued on 18 February 2010, contains no qualifications or emphasis paragraphs;
in compliance with Article 149 (1)(c-bis) of Legislative Decree no. 58/1998, we acknowledge the affirmation of the Directors
in the Annual Report on Corporate Governance that:
“the Fiat Group adopted and adheres to the Corporate Governance Code for Italian Listed Companies issued in March 2006,
with additions and amendments related to the specific characteristics of the Group.”
We confirmed that the Group actually complies with the Corporate Governance Code and that its various aspects were
discussed in the Annual Report on Corporate Governance submitted to you by the Board of Directors, to which you are
referred for more complete information in this regard.
On 25 February 2010, we received a communication from Deloitte & Touche S.p.A. – with whom we have had a frequent
exchange of information – stating that Fiat S.p.A. had retained its services to perform audits of the statutory and consolidated
financial statements, limited audits of the half-yearly condensed financial statements, agreed upon procedures for auditing of
the quarterly reports, as well as the engagements listed below for which the respective fees are indicated:
agreed due diligence procedures carried out in relation to the Chrysler transaction for fees of €485,000 and USD 1,962,000;
Fiat S.p.A. informed us that those fees had been fully charged back to Fiat Group Automobiles S.p.A. on the basis of a
mandate without representation given by Fiat Group Automobiles S.p.A. to Fiat S.p.A. for certain activities connected with
the Chrysler transaction;