SECTION 715

The auditor shall prepare a report in which he shall inform the board of directors or the Managing Director of: 1°) the audits and verifications that he carried out and the various investigations that he conducted as well as their results; 2°) the items of the balance-sheet and other accounting documents to which amendments have been made, making all the relevant observations on the evaluation methods used in the preparation of the said documents; 3°) the irregularities and inaccuracies which he discovered; 4°) the conclusions of the above observations and amendments on the results of the fiscal year compared to those of the past fiscal year. The report shall be made available to the chairperson of the board of directors or the Managing Director before the meeting of the board of directors or the decision of the managing director who adopts the accounts of the fiscal year.