TITLE II: Statutory Auditors.

The inspections provided for in article L. 821-9 are carried out on the basis of documents or on site. Without prejudice to the provisions of article L. 821-12, the auditors may ask the statutory auditor to provide them with any documents or records and may inspect them on site or off-site, regardless of the medium used. They may also request explanations on the files and documents drawn up pursuant to…

The auditor provides the statutory auditor with a preliminary report setting out the audit operations carried out and their results, so that the statutory auditor can submit its observations within one month. The auditor then draws up a final report setting out the main conclusions of the audit and the statutory auditor’s observations. Where applicable, the recommendations made by the High Council shall be notified to the statutory auditor by…

The President of the Compagnie Nationale des Commissaires aux Comptes or, where controls are implemented by the High Council pursuant to Article L. 821-9, the Director General of the High Council shall keep copies of the documents for a period of six years under conditions that ensure their confidentiality is maintained. At the end of this period, they shall be destroyed.

The audits referred to in Article L. 821-9 are carried out at least every six years, in accordance with the guidelines, framework and procedures defined by the Haut conseil du commissariat aux comptes. This period is reduced to three years for statutory auditors carrying out audit certification assignments for public interest entities referred to in i of Article 26(2) of Regulation (EU) No 537/2014 of 16 April 2014. Where the…

Where the audit concerns the certification of consolidated accounts, the statutory auditor shall make available to the auditors the relevant documentation that he keeps on the audits that have been carried out on the accounts of the persons or entities included in the scope of consolidation by statutory auditors or auditors registered in other States. Where a professional, registered in a State with which no cooperation agreement has been concluded…

The period defined in the second paragraph of article L. 821-14 is set at four months from the request or initiative mentioned in the first paragraph of the same article. The period referred to in the third paragraph of Article L. 821-14 is set at one month from receipt of the draft standard by the compagnie nationale des commissaires aux comptes. On expiry of this period, the opinion is deemed…