Purchase Order Auditor in Spain Madrid –Free Word Template Download with AI

This Purchase Order is issued by Grupo Iberia Corporativa S.A. to formally engage the services of a qualified Auditor for the fiscal year 2024–2025. The Auditor shall perform a full statutory audit of the financial statements, internal controls, and compliance records of the company in accordance with the Spanish Corporate Enterprises Act (Ley de Sociedades de Capital, Royal Legislative Decree 1/2010) and the applicable regulations of the Spanish Securities Market Commission (CNMV). The engagement is specifically scoped to operations conducted within the Madrid metropolitan area and the broader Spain jurisdiction, with the primary audit fieldwork to be carried out at the company’s headquarters located in Madrid.

The Auditor shall deliver an independent opinion on whether the financial statements present a true and fair view of the company’s financial position as of 31 December 2024, in compliance with the Spanish General Accounting Plan (Plan General de Contabilidad) and International Financial Reporting Standards (IFRS) as adopted by the European Union. The Auditor is also required to issue a management letter identifying any material weaknesses in internal controls observed during the audit procedures performed in Madrid.

1. Governing Law: This Purchase Order and the resulting Auditor engagement shall be governed by and construed in accordance with the laws of Spain, specifically the Spanish Civil Code and the Commercial Code. Any disputes arising from this Purchase Order shall be submitted to the competent courts of Madrid, Spain, with express waiver of any other jurisdiction.
2. Payment Terms: Payment shall be made within thirty (30) calendar days from the date of receipt of a valid invoice issued by the Auditor. Invoices must be issued in accordance with the Spanish electronic invoicing regulations (Factura Electrónica) and submitted via the Verifactu platform or the company’s designated electronic invoicing portal. Payment shall be made by bank transfer to the account specified on the invoice, domiciled in a Spanish financial institution.
3. Confidentiality: The Auditor shall maintain strict confidentiality over all financial data, trade secrets, and proprietary information of Grupo Iberia Corporativa S.A. in compliance with the Spanish Organic Law 3/2018 on Personal Data Protection and Digital Rights Guarantee (LOPDGDD) and the EU General Data Protection Regulation (GDPR). All data processing related to this engagement shall be conducted within the territory of Spain, with primary data storage in Madrid.
4. Independence and Ethics: The Auditor warrants full independence in accordance with the Spanish Code of Ethics for Auditors issued by the ICAC Madrid and the International Ethics Standards Board for Accountants (IESBA) Code. The Auditor shall not provide any non-audit services that could impair independence during the engagement period.
5. Delivery Schedule: The final audit report and management letter shall be delivered no later than 30 April 2025, in time for the convening of the Annual General Meeting of shareholders in Madrid. Interim reports shall be delivered within fifteen (15) business days following each interim audit visit.
6. Termination: Either party may terminate this Purchase Order with thirty (30) days’ written notice. In the event of early termination, the Auditor shall be compensated for all work performed up to the date of termination, as documented in a final progress report.
7. Force Majeure: Neither party shall be liable for delays caused by events beyond reasonable control, including but not limited to natural disasters, government mandates affecting operations in Madrid, or pandemics, in accordance with Article 1105 of the Spanish Civil Code.
8. Anti-Corruption: The Auditor confirms compliance with the Spanish Organic Law 5/2010 on Criminal Corporate Liability and all applicable anti-bribery and anti-corruption legislation in force in Spain.

This Purchase Order constitutes a binding offer for the Auditor services described herein. Acceptance by the Auditor shall be evidenced by the signed acknowledgment below or by the commencement of audit fieldwork at the Madrid premises. This document is valid for a period of ninety (90) days from the date of issue.