The tasks currently assigned to the Committee are: (a) helping the Board, along with the Internal Auditing Department, to carry out periodic tests of the adequacy and effectiveness of the internal control system, thus ensuring that the Company’s main risks are identified and managed accordingly; (b) assessing the audit plan drawn up by the Internal Control Manager, who reports to the Committee on a regular basis; (c) assessing, along with Company administration managers and external auditors, the suitability and uniform application of the accounting standards used in preparing consolidated financial statements; (d) assessing bids from external auditors; (e) reporting to the Board on the work it has done and on the adequacy of the internal control system; this is at least every six months, when annual and semi-annual financial statements are approved.