AMPER, SA and Subsidiaries Consolidated Financial Statements for ...

establishment of information related to the attached ICSFI.
In this regard, it must be kept in mind that regardless of the quality of design and efficiency of
the internal control system adopted by the Company, in relation to its annual financial
information, this can only provide reasonable assurances, not an absolute guarantee, with
regard to its pursued objectives, due to the inherent limitations of any internal control system.
In the course of our work auditing the annual accounts in accordance with the Technical
Regulations for Auditing, the sole purpose of our evaluation of the Company’s internal control
system was to allow us to establish the scope, nature and timing of the auditing procedures
carried out on the Company’s annual accounts. Consequently, our evaluation of the internal
control system, carried out for the purposes of said auditing of accounts, did not have
sufficient scope to allow us to issue a specific opinion concerning the efficiency of the said
internal control of regulated annual financial information.
For the purposes of the issuance of this report, we have only applied the specific procedures
described below, as indicated in the Guidelines Draft, which establishes the tasks to be
carried out, the minimum scope of this work, as well as the content of this report. As the work
resulting from these procedures, in any case has a reduced scope, which is substantially
smaller than that of an audit or a review of the internal control system, we do not express an
opinion concerning its effectiveness, its design or its operational efficiency, in relation the
Company’s annual financial information for fiscal year 2011, which is described in the
information related to the attached ICSFI. Consequently, if we had applied additional
procedures, over and above those listed below, or if we had performed an audit or a review of
the internal control system for regulated annual financial information, other facts or issues
may have come to light and we would have informed you about them.
Likewise, given that this special task does not constitute an audit of accounts, it is not
subjected to Consolidated Text of the Law of Account Auditing, approved under Legislative
Royal Decree 1/2011, dated 1 July. We do not express our opinion as auditors in the terms
stipulated under said legislation.
There follows a list of the procedures applied:
1. Read and review the information provided by the company in relation to the attached
ICSFI, and make an evaluation regarding whether or not said information fully
satisfies the minimum requirements described in section III of the ICWG document,
Guide for preparing a description of the ICSFI.
2. Question the staff who are in charge of drawing up the information mentioned in point
1 above, in order to: (I) Gain an understanding of the process that was followed when
the information was put together; (ii) Obtain information that allows us to assess
whether or not the terminology employed is in line with the definitions provided in the
framework reference; (iii) Obtain information regarding the status of the control
procedures described, have they been implemented and put into operation in the
company.