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

ACTIVITY REPORT OF THE AUDIT AND
CONTROL COMMITTEE DURING THE 2011
FINANCIAL YEAR
The audit reports on the individual and consolidated accounts of Amper, S.A. for the 2011
financial year have been issued by the external auditors without qualification.
Likewise, the semi-annual consolidated financial statements for the 2011 financial year were
reviewed by the external auditor. The limited review report issued by the auditor regarding the
consolidated financial statements on 30 June 2011 did not include exceptions.
In fulfilling its function to assess any issue that may jeopardise the independence of the
auditors, the Audit and Control Committee oversaw the amounts of the fees paid to the auditors
during the 2011 financial year for all services rendered.
2011 Financial year Thousands of Euros
Audit and related services 556
Other Services 5
Total 561
The Audit and Control Committee received written confirmation from the external auditor
regarding his independence, as well as the information of any additional services provided to
these entities by the external auditor or by persons or entities related to it in accordance with the
provisions set out in the Accounts Auditing Act. The Audit and Control Committee found that
there are no subjective reasons to question the independence of the Accounts Auditor to
perform his function.
3.3 Internal Audit
The Audit and Control Committee has, among its many responsibilities, the responsibility to
monitor the functions and activities of the Internal Audit of the Amper Group.
During the 2011 financial year, the Committee reviewed the Annual Activities Report of the
Internal Audit for the 2010 financial year, and it assessed the action carried out by the Internal
Audit Department with regards the work carried out by it.
The Committee approved the Internal Audit Plan for the 2011 financial year, as well as the
financial budget and the human resources budget for the Internal Audit Department.
Also, during the 2011 financial year, the Audit and Control Committee has received prompt
information regarding the development, conclusions and recommendations of all the work
carried out by the Internal Audit Department in different organizational areas and processes of
management and control of the Group, and highlighting the following activities:
‣ monitoring and analysis of the Risk Map of the Company for the 2011 financial year
‣ Adequacy of the Internal Control System of Financial reporting to the regulatory
requirements (SCIIF) and the supervision of the formal implementation of the SCIIF.
‣ Review and analysis of the quarterly financial reporting of the Group submitted to the
National Securities Market Commission.
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23 March 2011