Audit firm

The Audit Firm has also been engaged to provide the same auditing services to the subsidiaries of Eni SpA and also provides additional services, in the manner described in International Standard on Auditing no. 600 (ISA 600). This involves, for the purposes of preparing an opinion on the consolidated financial statements, the assumption of full liability for auditing activities performed by any other Audit Firms regarding the financial statements of subsidiaries that, taken together, account for an immaterial share of consolidated assets and revenues. By assuming this liability, PwC SpA, in its report on the consolidated financial statements, has the role and responsibility of sole auditor for the Eni Group. 

Thus, the Audit Firm’s overall proposal for Eni’s Group as formulated in 2018 is structured as follows:

_{*Referred to: i) in the Transparency Directive, essentially attributable to companies considered subsidiaries in accordance with the provisions of international accounting standards and applicable statutory regulations.} 

Considering the significant time span covered by the assignment, the aforementioned fees may be changed due to the change in the scope of intervention by the Audit Firm and following exceptional and / or completely unforeseeable events at the time the contract was stipulated, without prejudice to the verification and monitoring of the independence and activity of the auditing company by the Board of Statutory Auditors as Internal Control and Financial Auditing Committee

In carrying out its work, the Audit Firm shall have access to the information, data (both documentation and digital information), archives and property of the Company and its subsidiaries. 

The “Management of statutory audit appointments” of 19 May 2020 approved by the Board of Statutory Auditors Eni set out the general principles pertaining to: i) to regulate the process of conferring statutory audit assignments and other assignments closely related to statutory audits; ii) to provide the framework of reference for statutory audit requirements and to establish the roles and responsibilities of the persons involved in the process; iii) to regulate the methods and operations underlying the process; iv) to define the information flows between the company offices involved.

In the regulatory framework of the statutory auditing, the Board of Statutory Auditors has been entrusted with the responsibility for the approval of additional assignments and extra work, subject to the opportunity for adequate disclosure to the Board of Directors.

The Board of Statutory Auditors of Eni SpA:

• approves the assignment of additional recurring assignments closely related to statutory auditing activity (e.g. costs certification under petroleum contracts);
• approves the proposals for additional assignments, non-forbidden and unforeseen in the contest of the definition of the assignment, which are submitted by the subsidiary to the Board of Statutory Auditors (e.g. agreed procedures on areas related to the internal control system);
• approves the audit firm requests on fees variations in case of non-preventable extra efforts when preparing the original offer.

The additional assignments provided by civil law or other regulations concerning subsidiaries (e.g. services requested to the auditor responsible for auditing the financial statements by the Authorities and / Control Entities) are conferred by the companies, that request the service.

^{**Classification of services for the purpose of disclosure of the Annual Report on Form 20-F.}