The Board of Directors meets at least quarterly with the external auditing company in charge of auditing the financial statements to examine:
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Explanation: The Company adopts this practice in part, given that it has set at least 2 meetings per year with the external auditing company.
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NO |
i. The auditing program or plan.
Explanation: It is partially adopted considering that this analysis is carried out on a lesser frequency than that proposed.
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NO |
ii. Possible differences detected in the auditing regarding accounting practices, administrative systems and internal auditing.
Explanation: It is partially adopted considering that this analysis is carried out for a shorter period than that proposed.
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NO |
iii. Possible serious deficiencies that may have been detected and those unusual situations that due to their nature should be communicated to the competent reviewing authorities.
Explanation: It is partially adopted considering that this analysis is carried out for a shorter period than that proposed. In any event, in front of any future serious deficiencies or unusual situations, the Board of Directors shall, in the legally designated place and with the presence of external auditors, schedule the number of special sessions that are required to address such situations.
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NO |
iv. The results of the annual auditing program.
Explanation: It is partially adopted considering that this analysis is carried out for a shorter period than that proposed.
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NO |
v. Possible conflicts of interest that could exist regarding the auditing company or its staff, both in soliciting other services from the company or the members of its corporate group, as in other situations.
Explanation: It is partially adopted considering that this analysis is carried out for a shorter period than that proposed. However, the Board of Directors requires the administration be permanently informed regarding the services that the external auditing company provides to its business group to determine the existence of possible conflicts of interest.
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NO |
