Gafisa has five committees that support the management and the administration in specific issues that are strategic to the business, ensuring processes and practices with increased value generation for the business and its shareholders.
To learn about each committee duties, composition and profile, access the Company’s Reference Form
The Audit Committee oversees the accounting and financial reporting processes, planning and review of the Company, including the quarterly and financial reports. It directs the involvement and disclosure of auditors throughout the auditing process, assuring full compliance with legal requirements and accounting standards. Additionally, it is responsible for monitoring the internal control process, internal auditing proceedings and choice of accounting policies. Finally, it is also responsible for the monitoring of the Ethics and Conduct principles of the Company, overseeing the activities of the Ethics Executive Committee. Gafisa’s Audit Committee is dedicated to ensuring the maintenance of an effective system of internal financial controls. It reviews and assesses the qualitative aspects of the Company’s financial reporting to shareholders, together with the Company’s financial risk assessment. The Audit Committee must be comprised of three independent members and the rules for its composition, functioning and competencies are defined in the Company’s Bylaws, and thus changes amendments can only be made by means of a Shareholders’ Meeting.
Independent Auditors are hired to assess Gafisa’s final balance sheets and report directly to its committees. These accountants thoroughly examine Gafisa’s financial records and business transactions to ensure they are in compliance with specific laws or rules. During the 2019 fiscal year, Gafisa contracted BKR – LOPES, MACHADO AUDITORES as independent auditors and has not contracted any other services from this firm that exceeds 5% of the amount of the contract for Independent Auditing of the Financial Statements.