AMPER, SA and Subsidiaries Consolidated Financial Statements for ...

The manual establishes that its updating will be the responsibility of Economic-Financial
Management (in particular, of the Head of Consolidation and Reporting), and that such updating
must take place at least on an annual basis, in such a way that:
• It describes the accounting policies applicable to any new transactions that are not
covered by previous versions.
• It is corrected whenever any new regulations come into force that oblige the Group to
modify its policies to bring them into line with the International Financial Reporting
Standards adopted by the European Union (IFRS-UE)
• It is duly corrected when there are changes in the accounting policies approved by
Economic-Financial Management.
Any significant amendments that take place are to be reported to the dependent companies that
they apply to via e-mail or by holding specific meetings with the heads of the same.
Mechanisms for gathering and preparing financial information using homogenized
formats, applicable to and used by all of the units in the entity of Group, which support
the main financial statements and the notes, as well as any information required for the
ICSFI.
Ever since the 2011 fiscal year the Group has had a standard format that applies to all of the
entities within the Group, which contains all of the vital information handled at a subsidiary level
for the preparation of the consolidated Group financial information.
Said format was implemented for the first time this year, given that it was this year that the
Group experienced substantial growth in terms of reporting units thanks to the acquisition of
eLandia and its subsidiaries.
SUPERVISION OF THE SYSTEM OPERATION
The Group has an internal auditing function that has among its aims to support the
Auditing Commission in its job of supervising the internal control system, including the
ICSFI.
The Amper Group has, as required by the Regulations of the Board of Directors, an Internal
Auditing function that reports directly to the Auditing Commission. Its functions include, among
others, that of supervising the Group’s Internal Auditing services.
Also, during the 2011 fiscal year the Amper Group developed a policy for supervising its ICSFI,
which establishes the criteria that said supervision must adhere to, as well as which tasks are
reserved for the Auditing Commission and which are delegated to the Internal Auditing service.
Said policy reserves the following functions for the members of the Auditing Commission: