The Statutory Auditor is the Foundation entity responsible for account control.
The body is made up of the General Budgetary Director, the Deputy General Director of Social Security and three members nominated respectively by the Lisbon Academy of Science, the National Academy of Fine Arts and by the Bank of Portugal, on behalf of banking and financial institutions. The terms of these latter appointments are five years in length but are always renewable.
The Audit Review Commission and a duly accredited firm of chartered accountants – currently Ernst & Young – are the entities responsible for the constant inspection and verification of Foundation accounts.
Statutory Auditor Members:
- Mário Manuel Leal Monteiro
General Director of the Budget, Ministry of Finance
- Cristina Lobo Ferreira
Deputy General Director of Social Security
- Manuel Porto
Member designated by the Lisbon Academy of Science
- Natália Correia Guedes
Member designated by the National Academy of Fine Arts
- Manuel Maçaroco Candeias
Member designated by the Bank of Portugal