External Auditors

The legal audit of Saipem’s financial statements is entrusted – pursuant to the law – to an External Audit Company registered in the Consob special registry and appointed by the Shareholders’ Meeting. The current external auditors are Reconta Ernst & Young SpA, whose nine-year mandate expires with the approval of the 2018 Financial Statements. The financial statements of subsidiary companies are subject to audit; these are mostly carried out by Ernst & Young.  With regard to the opinion on the consolidated financial statements, Ernst & Young is responsible for the audits carried out at subsidiary companies by other external auditors, which are immaterial in terms of consolidated assets and turnover.

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