Article 11 Additional report to the audit committee

include the declaration of independence referred to in point (a) of Article 6(2);

where the statutory audit was carried out by F7a firm, the report shall identify each key audit partner involved in the audit;

where the statutory auditor has made arrangements for audit activities to be conducted by another person who is eligible for appointment as a statutory auditor and who is not a member of the same network, by a third country auditor who is not a member of the same network, or by an external expert, the report must indicate this and confirm that the statutory auditor received confirmation from the other auditor or from the external expert of their independence;

describe the nature, frequency and extent of communication with the audit committee F9and the management body F10... of the F11audited person, including the dates of meetings with those bodies;

include a description of the scope and timing of the audit;

where more than one statutory auditor F12has been appointed, describe the distribution of tasks among the statutory auditors F13...;

describe the methodology used, including which categories of the balance sheet have been directly verified and which categories have been verified based on system and compliance testing, including an explanation of any substantial variation in the weighting of system and compliance testing when compared to the previous year, even if the previous year's statutory audit was carried out by F14another statutory F15auditor;

disclose the quantitative level of materiality applied to perform the statutory audit for the F16accounts as a whole and where applicable the materiality level or levels for particular classes of transactions, account balances or disclosures, and disclose the qualitative factors which were considered when setting the level of materiality;

report and explain judgements about events or conditions identified in the course of the audit that may cast significant doubt on the entity's ability to continue as a going concern and whether they constitute a material uncertainty, and provide a summary of all guarantees, comfort letters, undertakings of public intervention and other support measures that have been taken into account when making a going concern assessment;

report on any significant deficiencies in the F17audited person's or, in the case of consolidated F18accounts, the parent undertaking's internal financial control system, F19or in the accounting system. For each such significant deficiency, the additional report shall state whether or not the deficiency in question has been resolved by the management;

report any significant matters involving actual or suspected non-compliance with laws and regulations or articles of association which were identified in the course of the audit, in so far as they are considered to be relevant in order to enable the audit committee to fulfil its tasks;

report and assess the valuation methods applied to the various items in the annual or consolidated F20accounts including any impact of changes of such methods;

in the case of a statutory audit of consolidated F21accounts, explain the scope of consolidation and the exclusion criteria applied by the F22audited person to the non-consolidated F23members of the group, if any, and whether those criteria applied are in accordance with the financial reporting framework;

where applicable, identify any audit work performed by F24third country auditors or statutory auditors in relation to a statutory audit of consolidated F25accounts other than by members of the same network as F26that to which the auditor of the consolidated accounts belongs;

indicate whether all requested explanations and documents were provided by the F27audited person;

report:

1. (i)

   any significant difficulties encountered in the course of the statutory audit;

2. (ii)

   any significant matters arising from the statutory audit that were discussed or were the subject of correspondence with management; and

3. (iii)

   any other matters arising from the statutory audit that in the F28statutory auditor's professional judgement, are significant to the oversight of the financial reporting process.