The statutory audit or legal audit presupposes the examination performed by a competent and independent accounting professional of the financial statements of an entity in order to express a motivated opinion on the true, clear and complete view of the financial position and standing, as well as on the performances thereof. Local taxes and duties.

- Audit services shall be provided in compliance with the International Audit Standards and shall include such tests on transaction and/or concerning the existence, property and method of assessment of the assets and liabilities that the Provider deems necessary. The Provider shall analyze the accounting and internal financial control systems so as to determine if they are suitable for use as a basis for drafting the financial statements and whether the Beneficiary kept adequate accounting records.

- The audit includes the assessment of significant estimates and of management decisions to draft financial statements and establish whether the accounting policies are adequate to the Beneficiary's circumstances, if they are applied consistently and presented correspondingly. To form an opinion, the Provider shall also evaluate the general presentation of the information in the financial statements.

- Based on the audit results, the Provider shall draft an auditor's report, which may include a qualified, unqualified, contrary opinion or the impossibility of expressing an opinion. The Provider may also reach the conclusion that it is impossible to issue an auditor's report.

- The analysis of accounting and internal control systems of the Beneficiary is only performed insofar as it is necessary to express an opinion on the financial statements of the Beneficiary, thus the Provider's comments on such systems cannot identify all improvements which may be suggested further to a special detailed analysis.