ATTENTION TO THE DEADLINE FOR SUBMISSION OF THE INDEPENDENT AUDITOR’S REPORT

By Ingrid Caetano and Nathália Gabriel, from the RD&I Department.

The CONSOLIDATED REPORT and the CONCLUSIVE OPINION on the financial statements must be submitted by November 30 of each year. These documents must be prepared by an independent auditing firm accredited by the Brazilian Securities and Exchange Commission (CVM) and registered with the Ministry of Industry, Foreign Trade and Services, as provided in item II of paragraph 7 of Article 2 of Law No. 8,387 of 1991.

Key Points of Attention

• Deductibility of the audit payment: The payment may be fully deducted from the 2.7% revenue complement mentioned in Article 6 of Decree No. 10,521/2020, limited to 0.2% of the company’s annual revenue.

• Exception: Companies with annual revenue below R$ 10 million are exempt from the audit requirement.

• Accredited Independent Auditors: The list of Independent Audit Firms authorized to prepare the consolidated report and issue the conclusive opinion on the financial statements can be verified at: https://www.gov.br/suframa/pt-br/assuntos/pdi/entidades/auditores.

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