Page 113 - Consolidated Non Financial Statement

Auditors’ responsibility

It is our responsibility to express, on the basis of the procedures performed, a conclusion about the
compliance of the DNF with the requirements of the Decree and of the GRI Standards. Our work has
been performed in accordance with the principle of "International Standard on Assurance Engagements
ISAE 3000 (Revised) - Assurance Engagements Other than Audits or Reviews of Historical Financial
Information" (hereinafter "ISAE 3000 Revised"), issued by the International Auditing and Assurance
Standards Board (IAASB) for limited assurance engagements. This principle requires the planning and
execution of work in order to obtain a limited assurance that the DNF is free from material
misstatements. Therefore, the extent of work performed in our examination was lower than that
required for a full examination according to the ISAE 3000 Revised ("reasonable assurance
engagement") and, hence, it does not provide assurance that we have become aware of all significant
matters and events that would be identified during a reasonable assurance engagement.

The procedures performed on the DNF were based on our professional judgment and included inquiries,
primarily with company’s personnel responsible for the preparation of the information included in the
DNF, documents analysis, recalculations and other procedures in order to obtain evidences considered
appropriate.

In particular, we have performed the following procedures:
1. analysis of the relevant topics in relation to the activities and characteristics of the Group
reported in the DNF, in order to assess the reasonableness of the selection process applied in
accordance with the provisions of article 3 of the Decree and considering the reporting
standard applied;

2. analysis and evaluation of the criteria for identifying the consolidation area, in order to evaluate
its compliance with the provisions of the Decree;

3. comparison of the economic and financial data and information included in the DNF with those
included in the Banca Ifis Group's consolidated financial statements;

4. understanding of the following aspects:
o Group's management and organization business model, with reference to the management
of the topics indicated in article 3 of the Decree;
o policies adopted by the Group related to the matters indicated in art. 3 of the Decree,
results achieved and related key performance indicators;
o main risks, generated or suffered related to the matters indicated in the article 3 of the
Decree.
With regard to these aspects, we obtained the documentation supporting the information
contained in the DNF and performed the procedures described in item 5. a) below;

5. understanding of the processes that lead to the generation, detection and management of
significant qualitative and quantitative information included in the DNF.

In particular, we have conducted interviews and discussions with the management of Banca Ifis
S.p.A. and we have performed limited documentary evidence procedures, in order to collect
information about the processes and procedures that support the collection, aggregation,