Legislative part

Persons who have been directors or employees of a person or entity may not be appointed as statutory auditors of that person or entity less than five years after they cease to hold office. During the same period, they may not be appointed as statutory auditors of persons or entities owning at least 10% of the capital of the person or entity in which they held office, or of which…

I.-The statutory auditor, a natural person, and, in companies of statutory auditors, the persons mentioned in the first paragraph of Article L. 822-9 may not certify the accounts of public interest entities, persons and entities referred to in Article L. 612-1 and the associations mentioned in Article L. 612-4 when they appeal to the generosity of the public within the meaning of article 3 of law no. 91-772 of 7…

Subject to the provisions of Article L. 823-12 and specific legislative provisions, statutory auditors, as well as their employees and experts, are bound by professional secrecy with regard to facts, acts and information of which they may have knowledge by reason of their duties. However, they are released from professional secrecy with regard to the president of the commercial court or the judicial court when they apply the provisions of…

The rules making up the code of ethics of the profession of statutory auditor are set by decree in the Conseil d’Etat, after obtaining the opinion of the Haut Conseil du Commissariat aux Comptes. The opinions of the Autorité des marchés financiers and the Autorité de contrôle prudentiel et de résolution are also required for the provisions that apply to statutory auditors working with persons and entities subject to the…