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Audits

View of the Repsol Campus facilities

Relations with the external auditor

At the proposal of the Audit and Control Committee and the Board of Directors, the General Shareholders' Meeting approved on May 19th, 2017:

  • The re-election of the firm Deloitte, S.L. as Account Auditor of Repsol, S.A. and of its Consolidated Group, for the period of one year, for the review of the Annual Accounts and the Management Report of Repsol, S.A. and of its Consolidated Group for the year 2017.
  • The appointment of PricewaterhouseCoopers, S.L. as Account Auditor of Repsol, S.A. and its Consolidated Group for the review of the Annual Accounts and the Management Report of Repsol, S.A. and of its Consolidated Group for the years 2018, 2019 and 2020.

External auditor services and fees for year 2018

In 2018 the Company has substituted Deloitte,S.L. for PricewaterhouseCoopers, S.L. as the Accounts Auditor of Repsol, S.A. and of its Consolidated Group.

In 2018, the amount of the fees approved for the auditing work carried out by PricewaterhouseCoopers Auditores, S.L. and its organisation (“PwC”) for the Company and companies in its Group amounted to €6.6 million.

In addition, the fees approved for PwC for professional services relating to auditing and other services amounts to €0.7 and €0.2 respectively.

A breakdown of the above-mentioned services and amounts is included in the Report of the Audit and Control Committee on the Independence of the External Auditor PDF (534 KB):

As at December 31st, 2018, the services provided other than audit work comprised 11% of the total amount of the fees of PwC.

The amount of the approved fees (1) for this work and the percentage they represent of the approved fees to the Company and/or its Group, for the year 2018:

 

Company Group companies Total
Amount of non-audit work(2) (thousands of euros) 414 421 835
Amount of non-audit work / Amount of audit work (%) 13% 10% 11%

(1) Amounts approved by the Audit Committee and Control for the year 2018.

(2) Includes the amount of other services related to the audit (verifications and certifications for partners and official bodies, reports for the issuance of obligations and other negotiable securities (Comfort letters), as well as verification of the non-financial information in the management report consolidated), and other services (mainly advisory work in the field of information technology).