190
RELATÓRIO E PARECER DO CONSELHO FISCAL
1
To the Shareholders of Ibersol Sgps, SA.
In compliance with the applicable legislation and its mandate, the Fiscal Board issues its
report on the supervisory action carried out as well as its opinion on the Management
Report and remaining consolidated and individual financial statements for the year ended
31 December 2012.
Supervision
The Fiscal Board accompanied, within the scope of its competencies and mandate, the
management of the company and its subsidiaries, oversaw, with the scope considered
adequate under the circumstances, having received for that purpose the information of the
Company’s Board of Directors, the Statutory Auditor and the External Auditor.
Over the course of the year quarterly meetings of the Fiscal Council were held, with all
members present, which examined and considered the matters subject to the powers of this
body. Also present the External Auditor, PriceWaterHouse Coopers & Associados, who is
also the Statutory Auditor of the company, who informed and obtained agreement from
the Fiscal Board regarding its fiscal activity plan, including that meant to ascertain the
effectiveness of the risk management system, internal control and internal auditing, and the
quality of the process of preparing and disclosing financial information and respective
accounting policies and value-measuring criteria, the regularity of the accounting registers
and books and respective support documents, the verification of goods and values
pertaining to the company. Along the exercise, they provided detailed information about
the actions performed and the resulting conclusions.
The Fiscal Board meet quarterly with the Board of Directors and this last organ was
forthcoming in providing the Fiscal Board information over the society’s activity and
explanations needed to understand the activity and financial information drawn up by same
Board of Directors in previous moment to it’s disclosure.
The Fiscal Board did not come across any constraint during their supervision action.
No verification of any irregularity by shareholders, collaborators of the Company, External
auditor or others were communicated to the Fiscal Board.
The Fiscal Board exercised its powers to supervise the activities and independence of the
External Auditor and the Auditor, having the perception that the recommended practices
were observed.
