Section 1: The nature of breaches and penalties

I.-The penalties provided for in Article L. 824-2, statutory auditors for any disciplinary misconduct they commit. Disciplinary misconduct includes: 1° Any breach of the legal conditions for practising the profession; 2° Any gross negligence and any act contrary to probity or honour. II.-The penalties provided for in article L. 824-3 because of the following breaches: 1° Partners, employees of the statutory auditor, any other person participating in the certification engagement…

I.- Statutory auditors are liable to the following sanctions: 1° Warning; 2° Reprimand; 3° Disqualification from acting as a statutory auditor for a period not exceeding five years; 4° Removal from the list; 5° Withdrawal of honorary status. II.-Auditors may also be subject to the following sanctions: 1° The publication of a statement indicating that the report presented to the general meeting does not meet the requirements imposed by this…

I.-The persons mentioned in II of Article L. 824-1 shall be liable to the following penalties: 1° A ban for a period not exceeding three years from exercising administrative or management functions within public interest entities and from exercising the functions of statutory auditor; 2° The payment, as a pecuniary penalty, of a sum not exceeding the following amounts: a) For the natural persons mentioned in 1° and 3° of…