Tiscali 2001 Annual Report Download - page 169

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AUDITOR’ S REPORT IN ACCORDANCE WITH
ARTICLE 156 OF LEGISLATIVE DECREE OF FEBRUARY 24, 1998, N. 58
To the Shareholders
of Tiscali S.p.A.
We have audited the financial statements of Tiscali S.p.A. as of December 31, 2001. These
financial statements are the responsibility of the Company’s management. Our responsability
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 Stock Exchange Commission. 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 basic, evidence
supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by management, as
well as evaluating the overall financial statement presentation. We believe that our audit
provides a reasonable basis for our opinion.
For the opinion of the financial statements of the prior year, presented for comparison in
accordance with legal requirements, reference should be made to the auditor’s report issued
by us on April 11, 2001.
In our opinion, the financial statements present fairly the financial position of the Company as
of December 31, 2001, and the results of its operations for the year then ended, and comply
with the principles which regulate the preparation of financial statements in Italy.
This report has been translated into the English language solely for the convenience of
international readers.
Cagliari, April 13, 2002