Moncler Group | Annual Report 2024 468 Moncler Group | Annual Report 2024 469
4
As part of an audit in accordance with International Standards on Auditing (ISA Italia), we exercise
professional judgment and maintain professional skepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the consolidated financial
statements, whether due to fraud or error, design and perform audit procedures responsive to
those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for
our opinion. The risk of not detecting a material misstatement resulting from fraud is higher
than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Group’s internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by the Directors.
Conclude on the appropriateness of management’s use of the going concern basis of
accounting and, based on the audit evidence obtained, whether a material uncertainty exists
related to events or conditions that may cast significant doubt on the Group’s ability to
continue as a going concern. If we conclude that a material uncertainty exists, we are required
to draw attention in our auditor’s report to the related disclosures in the consolidated financial
statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are
based on the audit evidence obtained up to the date of our auditor’s report. However, future
events or conditions may cause the Group to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the consolidated financial
statements, including the disclosures, and whether the consolidated financial statements
represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities
or business activities within the Group to express an opinion on the consolidated financial
statements. We are responsible for the direction, supervision and performance of the group
audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance, identified at an appropriate level as
required by ISA Italia, regarding, among other matters, the planned scope and timing of the audit
and significant audit findings, including any significant deficiencies in internal control that we
identify during our audit
We also provide those charged with governance with a statement that we have complied with
relevant ethical requirements regarding independence applicable in Italy and to communicate
with them all relationships and other matters that may reasonably be thought to bear on our
independence and where applicable actions taken to eliminate threats or safeguards applied
5
From the matters communicated with those charged with governance, we determine those
matters that were of most significance in the audit of the consolidated financial statements of the
current period and are therefore the key audit matters. We describe these matters in our auditors’
report.
Other information communicated pursuant to art. 10 of the EU Regulation 537/2014
The Shareholders' Meeting of Moncler S.p.A. appointed us on April 22, 2021 as auditors of the
Company for the years from December 31, 2022 to December 31, 2030.
We declare that we have not provided prohibited non-audit services referred to in art. 5 (1) of EU
Regulation 537/2014 and that we have remained independent of the Company in conducting the
audit.
We confirm that the opinion on the financial statements expressed in this report is consistent with
the additional report to the Board of Statutory Auditors, in its role of Audit Committee, referred to
in art. 11 of the said Regulation.
REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS
Opinion on the compliance with the provisions of the Delegated Regulation (EU) 2019/815
The Directors of Moncler S.p.A. are responsible for the application of the provisions of the
European Commission Delegated Regulation (EU) 2019/815 with regard to the regulatory technical
standards on the specification of the single electronic reporting format (ESEF – European Single
Electronic Format) (hereinafter referred to as the “Delegated Regulation”) to the consolidated
financial statements as at December 31, 2024, to be included in the annual financial report.
We have carried out the procedures set forth in the Auditing Standard (SA Italia) n. 700B in order to
express an opinion on the compliance of the consolidated financial statements with the provisions
of the Delegated Regulation.
In our opinion, the consolidated financial statements as at December 31, 2024 have been
prepared in XHTML format and have been marked up, in all material respects, in accordance with
the provisions of the Delegated Regulation.
Opinions and statement pursuant to art. 14 paragraph 2, sub-paragraphs e), e-bis) and e-ter)
of Legislative Decree 39/10 and pursuant to art. 123-bis, paragraph 4, of Legislative Decree
5898
The Directors of Moncler SpA are responsible for the preparation of the report on operations and
the report on corporate governance and the ownership structure of Moncler Group as at
December 31 2024 including their consistency with the related consolidated financial
statements and their compliance with the law
We have carried out the procedures set forth in the Auditing Standard SA Italia n 720B in order
to