Audit Presentation
Daniel Silva Francisco Faria
FINANCIAL STATEMENTS
AUDITORS OPINION
LEGAL REQUIREMENTS TO BE AUDITED
CORTICEIRA AMORIM, SGPS, S.A.
INTRODUCTION
INDEX
It assures the financial accuracy of financial records and statements, allowing stakeholders, investors and creditors to have updated and truthful data.
As we understand both internationally and domestically auditing is a very important part on keeping everything as transparent and as reliable as possible.
INTRODUCTION
In Portugal in order to be audited a company needs at least 50 employees, to have a net turnover of at least 3 million euros and to have assets worth at least 1.5 million euros. Corticeira Amorim- the company we elected as a representative of our country has the obligation to be audited as well. This company adopts the Anglo-Saxon way of governance, its has its own independent board and and official auditor. This model was proposed and accepted by the board early 2021 and it promotes bigger flexibility, better monitoring e thus better efficiency and effectiveness of the company.
LEGAL REQUIREMENTS TO BE AUDITED
CORTICEIRA AMORIM
FINANCIAL STATEMENTS CORTICEIRA AMORIM, SGPS, S.A.
FINANCIAL STATEMENTS CORTICEIRA AMORIM, SGPS, S.A.
“the financial statements of Corticeira Amorim truthfully and appropriately represent, in all material aspects, the financial position of the company. Its financial performance and cash flows at the of year comply with the International Financial Reporting Standards (IFRS) as adopted in the European Union.'
“we are of the opinion that the Consolidated Management Report has been prepared in accordance with the applicable legal and regulatory requirements. The information contained there is consistent with the audited consolidated financial statements, and, considering our knowledge and assessment of the Group, we have not identified any material inaccuracies.”
AUDITOR´S OPINION
