Tiscali 2013 Annual Report Download - page 181
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Tiscali Spa 3
Report of the Board of Statutory Auditors
express a positive opinion and include references to information on the subject of the
business as a going concern associated in particular with the approval of the debt
restructuring plan and on a number of disputes and risks outstanding, in relation to
which we refer you to said reports;
k) on 26 June 2014, the independent auditing firm issued the Report pursuant to Article
19.3 of Italian Legislative Decree No. 39/10;
l) in pursuance of Article 149.1, letter c) bis of Italian Legislative Decree No. 58/98, we
formally acknowledge that the Directors in their report on Corporate governance state
that the Tiscali Group complies and conforms with the Code of Conduct for Italian
listed companies, published in March 2006. Compliance with the legislation envisaged
by the afore-mentioned Code has been effectively ascertained by this Board and has
been covered, with regard to its various aspects, in the report on Corporate
governance which the Board of Directors makes available to yourselves, to which we
make reference for more suitable and complete disclosure in this connection;
m) during 2013, Reconta Ernst & Young SpA carried out professional services relating to
the legal audit of the statutory and consolidated financial statements. Services other
than the legal audit have not been provided, and nor have services been provided by
other parties belonging to the network of the auditing firm. The total of the fees due
for 2013 has been summarised below:
EUR 000
Audit services:
Parent Company - Tiscali Spa
271
Subsidiary companies
171
Total
442
Having taken into account: (i) the independence declaration issued by Reconta Ernst
& Young SpA pursuant to Article 17.9 of Italian Legislative Decree No. 39/10; (ii) the
transparency report produced by the same pursuant to Article 18.1 of Italian
Legislative Decree No. 39/10 as published on the website; (iii) the appointments
granted to the same by Tiscali and by the other Group companies, the Board of
Statutory Auditors does not believe that critical aspects exist with regard to the
independence of Reconta Ernst & Young S.p.A.;
n) the independent auditing firm Reconta Ernst & Young SpA did not issue any opinion
required by law, with the exception of its report on the half-year period as at 30 June
2013;
o) the supervisory activities described above have been carried out during nine meetings
of this Board, five meetings of the Audit and Risk Committee and attending all the
five Board of Directors meetings, as per Article 149.2 of Italian Legislative Decree No.
58/98;