Subsection 1: Private-law dispensers.

Each year, private-sector training providers draw up a balance sheet, profit and loss account and notes to the accounts in accordance with conditions laid down by decree.

Multi-activity training bodies keep separate accounts for their continuing vocational training and apprenticeship activities.

A Conseil d’Etat decree issued in accordance with articles L. 221-9, L. 223-35 and L. 612-1 of the French Commercial Code sets specific thresholds for training providers with regard to the obligation to appoint a statutory auditor.

The accounts of private training providers constituted as economic interest groups are audited by a statutory auditor, under the conditions set out in article L. 251-12 of the French Commercial Code, when their annual turnover exceeds an amount determined by decree by the Conseil d’Etat.