Corporate Governance: Financial Statements Auditing

Auditing

The task of auditing the financial statements has been entrusted to PricewaterhouseCoopers S.p.A. until the financial year 2031.

Banca Ifis is a listed company: therefore, auditing must, by law, be performed exclusively by an auditing firm, which must check, during the financial year, that the books of the company are kept regularly and that operating results are reported in the books correctly.

The auditing firm must, in addition, ascertain that the financial statements and the consolidated financial statements for the financial year correspond to the results of the accounts and of the checks performed, and that the accounting documents comply with the regulatory framework.

The auditing mandate is granted by the Ordinary shareholders’ meeting on a reasoned proposal by the Board of Statutory Auditors.

The Shareholders’ Meeting of 28 April 2022 appointed PricewaterhouseCoopers S.p.A. to audit the Company’s annual financial statement and the Group’s consolidated financial statement as well as the limited auditing of Banca Ifis’s half-yearly interim report, for each of the nine financial years with closing dates from 31st December 2023 until 31st December 2031. The person responsible for auditing is Pierfrancesco Anglani.

PricewaterhouseCoopers S.p.A. and the other companies in the PwC network have also been tasked, by means of separate formalised agreements, with auditing the controlling company’s financial statements and those of Banca Ifis’s Subsidiary Companies.

Consideration for the auditing and other services for the financial year 2023:

Type of services (units of Euro)	PwC S.p.A. - Banca Ifis	PwC S.p.A. - Subsidiaries	Other companies in the PwC S.p.A. network - Banca Ifis	Other companies in the PwC S.p.A. network - Subsidiaries	Total
Independent auditors' fees	344,090	432,545	-	73,831	850,466
Certification services	137,390	-	-	-	137,390
Other services (*)	-	-	18,800	-	18,800
Total	481,480	432,545	18,800	73,831	1,006,656

(*) “Other services” include due diligence for the acquisition of VAT credits.
The fees indicated are net of VAT, expenses and Consob contribution.