The Statutory Auditor is appointed, from among chartered auditors or firms of chartered auditors, by joint order of the minister responsible for finance and the minister responsible for higher education, after consultation with the Rector of Iscte. The term of office is three years.
The Statutory Auditor may not have carried out remunerated activities at the University during the three years preceding the beginning of their term of office, nor may they carry out remunerated activities at Iscte during the three years following the end of their term.
By Order No. 1349/2018 of 8 February, issued by the Ministries of Finance and of Science, Technology and Higher Education, the firm of chartered auditors Ana Gomes & Cristina Doutor – Sociedade de Revisores Oficiais de Contas, Lda. was appointed Statutory Auditor of Iscte – University Institute of Lisbon.
Responsibilities of the Statutory Auditor
The Statutory Auditor is responsible for:
- Monitoring the asset and financial management of Iscte;
- Regularly monitoring and supervising compliance with applicable laws and regulations, budget execution, the economic, financial, and asset situation, and reviewing the accounts;
- Issuing an opinion on the budget and its revisions and amendments, as well as on the activity plan from the perspective of its budgetary coverage;
- Issuing an opinion on the annual management report and financial statements, including statutory audit certification documents;
- Issuing an opinion on the acquisition, lease, disposal, and encumbrance of real estate assets;
- Issuing an opinion on the acceptance of donations, inheritances, or legacies;
- Issuing an opinion on the contracting of loans, where Iscte is legally authorised to do so;
- Keeping the Board of Trustees informed of the results of inspections and examinations carried out;
- Preparing reports on its supervisory activities, including an annual overall report;
- Proposing to the Board of Trustees the carrying out of external audits whenever deemed necessary or appropriate;
- Issuing opinions on matters submitted by the Board of Trustees.
The deadline for issuing the opinions referred to above is 15 days from receipt of the relevant documents.
Rights of the Statutory Auditor
In carrying out its duties, the Statutory Auditor has the right to:
- Obtain from the Board of Trustees or other bodies of Iscte any information and clarifications deemed necessary;
- Have unrestricted access to all services and documentation of Iscte, request the presence of the respective persons in charge, and seek any clarifications considered necessary;
- Take or propose any additional measures deemed indispensable.
*This content has been automatically translated for convenience and may not fully reflect the original version.
