Sub-paragraph 5: Accounting provisions

At the end of each financial year, the management company draws up an inventory of the various assets and liabilities existing at that date. It also draws up the annual accounts and prepares a written management report. It is required to apply the general chart of accounts adapted to the needs and resources of the said companies, taking into account the nature of their business, in accordance with the procedures…

The audit is carried out by one or more statutory auditors. The statutory auditors shall bring to the attention of the Autorité des marchés financiers any irregularities or inaccuracies they discover in the course of their work. They are liable under the conditions set out in Article L. 822-17 of the Commercial Code. They are not liable under civil law for offences committed by persons managing, directing or administering the…