Subsection 2: Certification of accounts

The professional practice standard relating to the audit of accounts carried out by several statutory auditors, approved by the Minister of Justice, is shown below: . NEP-200. Principles applicable to the audit of accounts carried out within the framework of the certification of accounts Introduction 01. In accordance with article L. 823-9, premier alinéa, du code de commerce, “les commissaires aux comptes certifiés, en justifiant de leurs appréciations, que les…

The professional practice standard relating to the specific principles applicable to the audit of consolidated financial statements, approved by the Minister of Justice, is set out below: NEP 600. Specific principles applicable to the audit of consolidated accounts Introduction 1. Pursuant to the second paragraph of article L. 823-9 of the French Commercial Code, the statutory auditors certify, and justify their assessments, that the consolidated financial statements give a true…

The professional practice standard relating to the audit of accounts carried out by several statutory auditors, approved by the Minister of Justice, is shown below: . NEP-100. The audit of accounts carried out by several statutory auditors Introduction 01. Where the audit of the accounts carried out for the purpose of certifying the accounts of an entity is performed by more than one statutory auditor, the statutory auditors constitute the…

The professional practice standard relating to the documentation of the audit of accounts, approved by the Minister of Justice, is shown below: . NEP-230. Documentation of the audit of accounts Introduction 01. The statutory auditor shall establish for each entity it audits a file containing the documentation of the audit of the accounts. This obligation arises from the provisions of article R. 823-10 of the French Commercial Code. 02. The…

The professional practice standard relating to communications with the bodies mentioned in article L. 823-16 of the French Commercial Code, approved by the Minister of Justice, is shown below: NEP – 260. COMMUNICATIONS WITH THE BODIES MENTIONED IN ARTICLE L. 823-16 OF THE COMMERCIAL CODE >. Introduction 1. During the audit of the accounts carried out as part of the certification of the accounts, the statutory auditor shall communicate, in…

The professional practice standard relating to the communication of internal control weaknesses, approved by the Minister of Justice, is shown below: COMMUNICATION OF INTERNAL CONTROL WEAKNESSES Introduction 1. When obtaining an understanding of the entity, including its internal control, in accordance with the professional practice standard on understanding the entity and its environment and assessing the risks of material misstatement, and throughout the audit, the statutory auditor may identify internal…

The professional practice standard relating to audit planning, approved by the Minister of Justice, is shown below: . NEP-300. Audit planning Introduction 01. The audit of the accounts carried out by the statutory auditor called upon to certify the accounts of an entity is subject to planning. This planning is formalised in particular in an engagement plan and a work programme. 02. The purpose of this standard is to define…