16/10/2007
The board of statutory auditors is the audit body of the joint-stock companies that adopt the traditional system: it has the task of monitoring the company’s compliance with the law and the Memorandum of Association and has a supervisory function with regard to the actions of management. The Board of Auditors only exceptionally exercise accountancy control and they do so only in closed companies, that is, companies which do not have recourse to the venture capital market, and only if envis