Tiscali 2001 Annual Report Download - page 168

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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 consolidated financial statements of Tiscali S.p.A. as of December 31,
2001. These consolidated financial statements are the responsibility of the Company’s
management. Our responsibility is to express an opinion on these consolidated 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 consolidated financial
statements are free of material misstatement. An audit includes examining, on a test basic,
evidence supporting the amounts and disclosures in the consolidated financial statements. An
audit also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall consolidated financial statements’ presentation.
We believe that our audit provides a reasonable basis for our opinion.
For the opinion on the consolidated 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 consolidated financial statements present fairly the financial position of the
Group 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 consolidated financial statements
in Italy.
This report has been translated into the English language solely for the convenience of
international readers.
Cagliari, April 13, 2002