Auditors

The details of the fees for the services contracted by entities of the BBVA Group for the year ended December 31, 2017 with their respective auditors and other audit entities are as follows:

Fees for Audits Conducted and Other Related Services (**)Millions of Euros
Audits of the companies audited by firms belonging to the KPMG worldwide organization and other reports related with the audit. (*)27.2
Other reports required pursuant to applicable legislations and tax regulations issued by the national supervisory bodies of the countries in which the Group operates, reviewed by firms belonging to the KPMG worldwide organization1.9
Fees for audits conducted by other firms0.1

(*) Including fees pertaining to annual legal audits (€22.6 million)

(**) Regardless of the billed period

 

In the year ended December 31, 2017, other entities in the BBVA Group contracted other services (other than audits) as follows:

Other Services Rendered Millions of Euros
Firms belonging to the KPMG worldwide organization0.5

This total of contracted services includes the detail of the services provided by KPMG Auditores, S.L. to BBVA, S.A. or its controlled companies at the date of preparation of these consolidated financial statements as follows:

Fees for Audits Conducted (*)Millions of euros
Legal audit of BBVA, S.A. or its companies under control6.8
Other audit services of BBVA, S.A. or its companies under control5.0
Limited Review of BBVA, S.A. or its companies under control0.9
Reports related to issuances0.4
Assurance jobs and other required by the regulator0.2
Other-

(*) Services provided by KPMG Auditores, S.L. to companies located in Spain

The services provided by the auditors meet the independence requirements established under Audit of Accounts Law (Law 22/2015) and under the Sarbanes-Oxley Act of 2002 adopted by the Securities and Exchange Commission (SEC); accordingly they do not include the performance of any work that is incompatible with the auditing function.

Updated page 20 March 2018

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