IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 36. Availability of each member with description of positions held in other companies inside and outside the Group and other relevant activities carried out. All the members of the Statutory Audit Committee consistently demon- strated their availability to perform their functions, having attended all the meetings and taken part in the work. At point 33 above as well as at Annex 3 to this Report, we refer the in- formation on other positions held in other companies by the effective members of the Statutory Audit Committee. c) Competences and functions 37. Description of the procedures and criteria for intervention by the Fiscal Board for the purpose of hiring additional services to the Statutory Auditor. The Statutory Audit Committee annually assesses the work of the external auditor and states its conclusions in its Report and Opinion, issued in terms and for the purposes of art. 420.1. g) of the Companies Code. The Statutory Audit Committee analyzes and approves the scope of any additional services provided, considering whether they call the independence of the external auditor into question. It also ensures that any consulting services provided have the necessary level of quality, autonomy and independence relative to the services provided within the scope of the audit process. 38. Other functions. The Statutory Audit Committee, in coordination with the Statutory Audi- tor, is responsible for the auditing of the Company, namely: - Supervise the management of the Company, namely by regularly as- sessing compliance with the company’s strategic plan and the budget; - Verify that the accounting policies and valuation criteria adopted by the Company lead to a correct valuation of assets and results; - Continuously monitor the effectiveness of the risk management system and the internal control system, carrying out periodic and regular con- 307