Chapter III: Statutory audit, other engagements and services performed by statutory auditors

If several statutory auditors are in office, they may carry out their investigations, verifications and audits separately, but they shall draw up a joint report. In the event of disagreement between the auditors, the report shall indicate the different opinions expressed.

The statutory auditors shall be convened to any shareholders’ or members’ meeting or to any meetings of the competent body at the latest when the shareholders, members or members of that body are convened. They shall be convened, where applicable, to meetings of the collegiate administrative or management bodies and the supervisory body, as the case may be, at the same time as these bodies. The statutory auditors shall be…

I.-The statutory auditor keeps an up-to-date list of the persons and entities with whom he performs assignments or services. Companies of statutory auditors keep this list for each statutory auditor carrying out assignments or services on their behalf. II.-For each person or entity in which he performs assignments or services, the statutory auditor shall compile a file containing: 1° The name, address and registered office of the person or entity…

The statutory audit work of the statutory auditor(s) is subject to an annual engagement plan and work programme, drawn up in writing, which take into account the legal form of the audited person or entity, its size, the nature of its activities, any control exercised by the public authority, the complexity of the engagement, and the specific methodology and technologies used by the statutory auditor(s). The engagement plan describes the…

The estimated diligence required to carry out the programme of work must involve for a financial year, depending on the amount of the balance sheet of the person or entity, plus the amount of operating income and financial income, excluding VAT, a number of hours of work normally between the following figures: Total amount of the balance sheet and operating income and financial income, excluding tax, and normal number of…

When, during the early warning procedure, the statutory auditor’s assessment of the satisfactory nature of the management’s response or of the decisions taken by them makes special diligence necessary, the number of hours provided for in the work programme may be increased by a maximum of one third.

If the number of working hours normally required to carry out the work programme of the statutory auditor(s) appears to be excessive or insufficient, the president of the regional company shall be asked by the most diligent party to apply for a derogation from the numbers indicated in Article R. 823-12. This application must state the estimated number of hours required and the reasons for the exemption requested. It must…

For statutory audit engagements, the amount of the hourly fee is set by mutual agreement between the statutory auditor(s) and the audited person or entity, prior to the performance of the engagement. Travel and subsistence expenses incurred by the statutory auditors in the performance of their duties are reimbursed by the person or entity, on justification.