French Commercial code
In forceI.-The statutory auditors shall inform, as appropriate, the collegiate body responsible for administration or the body responsible for management and the supervisory body, as well as, where applicable, the specialised committee referred to in Article L. 823-19 acting under the responsibility of these bodies:
1° Their general work programme implemented as well as the various tests they have carried out;
2° The amendments they consider should be made to the accounts to be closed or to the other accounting documents, making any useful observations on the valuation methods used to draw them up;
3° Any irregularities and inaccuracies they may have discovered;
4° The conclusions to which the above observations and rectifications lead on the results for the period compared with those for the previous period.
II.-When they work with persons or entities subject to the provisions of Article L. 823-19 or which have voluntarily set up a specialised committee within the meaning of that Article, they shall also examine with the specialised committee referred to in that Article the risks weighing on their independence and the safeguards taken to mitigate these risks. They shall bring to the attention of this committee any material weaknesses in internal control, as regards the procedures relating to the preparation and processing of accounting and financial information, and shall communicate to it each year:
1°) A declaration of independence;
2° An update of the information mentioned in Article L. 820-3 detailing the services provided by the members of the network to which the statutory auditors are affiliated as well as the services other than the certification of accounts that they themselves have provided.
III.-When working with persons or entities subject to the provisions of Article L. 823-19, statutory auditors shall submit to the specialised committee within the meaning of that Article a supplementary report in accordance with the provisions of Article 11 of Regulation (EU) No 537/2014 of 16 April 2014. This report shall be submitted to the body responsible for administration or to the supervisory body where the latter fulfils the functions of the specialised committee. (1)
