Relations with Independent Auditors
Embraer’s policy in connection with its independent auditors regarding service provisions not related to external audits is substantiated on principles in favor of their independence. These principles are based on the fact that independent auditors should not examine their own work nor perform managerial functions, or defend their customers.
During 2005, Embraer contracted other tasks with these auditors not directly related to auditing financial statements, incurring expenses of approximately R$ 520 thousand, which represents 12.5% of the total fees in connection with external audit services provided to the companies of the group worldwide.
Embraer has a policy of submitting to the Board of Directors’ approval all the services not related to external audits, when provided by our independent auditors.
More information about the Model of Corporate Governance
