Chapter II: Status of statutory auditors

The société de participations financières de profession libérale de commissaires aux comptes shall inform the Compagnie nationale des commissaires aux comptes, within thirty days of the date on which it occurs, of any change in the situation declared pursuant to article R. 822-113.

If the société de participations financières de profession libérale de commissaires aux comptes ceases to comply with the legislative and regulatory provisions in force, the Compagnie nationale des commissaires aux comptes invites it to regularise the situation. If the company fails to regularise its situation, the Compagnie nationale des commissaires aux comptes may invite the partners, by registered letter with acknowledgement of receipt, to pronounce the early dissolution of the…

Each financial holding company of liberal professions auditors is subject, at least once every four years, to an audit covering compliance with the legislative and regulatory provisions governing the composition of its capital and the scope of its activities. Each financial holding company may, in addition, be subject to occasional audits prescribed by the Compagnie nationale des commissaires aux comptes. These audits are carried out by the Compagnie nationale des…

Non-compliance with the provisions governing the formation and operation of sociétés de participations financières de professions libérales by statutory auditors who are partners in such a company may give rise to disciplinary proceedings.