Relations with the external auditor
Relations with the external auditor
In 2018, PricewaterhouseCoopers Auditores, S.L. ("PwC") was appointed as the Company's external auditor for 2018, 2019, and 2020. The Annual General Meeting of March 26, 2021, also agreed to re-elect PwC as the external auditor for the Company and its Consolidated Group for 2021. Moreover, the Annual General Meeting of May 6, 2022, agreed to re-elect it for 2022, which was therefore the fourth year audited by said firm with Iñaki Goiriena Basualdu as the partner in charge of the audit.
External auditor services and fees for 2022
In 2022, the amount of the fees approved for the auditing work carried out by PricewaterhouseCoopers Auditores, S.L. and its network (hereinafter, PwC) for the Company and the companies in its Group amounted to €7.1 million.
In addition, the fees approved for PwC for professional services relating to auditing and other services amount to €1.6 million. As of December 31, 2022, the percentage of non-audit services out of the total amount of the audit firm's fees amounted to 18.2%.
A breakdown of these services and amounts is included in the Report of the Audit and Control Committee on the Independence of the External Auditor (Only available in Spanish) |PDF| 180 KB,
Other work performed for the company by the external auditor
The amount of the approved fees for the aforementioned work and the percentage they represent of the approved fees for the company and/or its Group in 2022 are as follows:
| Company | Group companies |
Total | |
|---|---|---|---|
| Amount of non-audit work(1) (thousands of euros) | 974 | 603 | 1,377 |
Amount of non-audit work / Amount of audit work (%) |
27% | 17.2% | 22.2% |
(1) Includes mainly, the amount of non-audit services (review of the Internal Financial Reporting Control System, the limited review of the consolidated financial statements as of June 30, verifications and certifications for partners and official bodies, reports for the issuance of bonds and other marketable securities -Comfort letter-, as well as the verification of the non-financial information of the consolidated.
As of December 31, 2022, the percentage of non-audit services out of the total amount of the audit firm's fees amounted to 18.2%.