BOOK VIII: Some regulated professions.

Where the person or entity is required to appoint two statutory auditors, the latter shall jointly conduct an examination of the terms and conditions of the preparation of the accounts, in accordance with the requirements set out in a professional practice standard drawn up in accordance with 2° of I of Article L. 821-1. A professional practice standard determines the principles for allocating the work to be carried out by…

I.-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…

Statutory auditors are released from professional secrecy with regard to the public accountant of a public body when they are responsible for certifying the accounts of that body. Statutory auditors send a copy of their reports certifying the accounts of public bodies with a public accountant to the latter.

The statutory auditors shall be convened to all meetings of the board of directors or the management board and the supervisory board, or of the collegiate administrative or management body and the supervisory body which examine or approve the annual or interim accounts, as well as to all shareholders’ or members’ meetings or to all meetings of the competent body referred to in Article L. 823-1.

I.-The fees of the statutory auditor are borne by the person or entity whose accounts it is responsible for certifying. These fees are set in accordance with procedures determined by decree in the Conseil d’Etat. II.-Where the statutory auditor provides to a public interest entity whose accounts it is responsible for certifying, or to the person that controls it or that is controlled by it within the meaning of I…

Disputes relating to the remuneration of statutory auditors shall be referred to the Haut conseil du commissariat aux comptes, without prejudice to the application of the provisions of the fifth paragraph of 2° of II of Article L. 824-1.