In particular, in compliance with the provisions set out in the Code, the Committee: _ assesses the work plan prepared by the person responsible for internal control and receives periodic reports from the same; _ assesses, together with the person responsible for the drafting of the accounting documentation and the independent auditors, the correct application of the accounting principles used and their standardization in relation to the preparation of the consolidated fi nancial statements; _ assesses the proposals formulated by the independent auditing fi rm in order to obtain the assignment of the contract, as well as the work plan prepared for auditing and the results illustrated in the report and in the relevant letter of recommendations, and also controls the effi ciency of the accounting auditing process; _ periodically reports to the Board of Directors and, in any case at least half-yearly on the occasion of the approval of the fi nancial statements and interim half-year report, on the activities accomplished and the appropriateness of the internal control system; _ carries out any additional tasks that are assigned to it by the Board of Directors; _ expresses, at the request of any executive director, opinions on specifi c aspects regarding the identifi cation of the main company risks as well as in relation to the design, implementation and management of the internal control system.