The General Council of the Banque de France appoints the auditors on the recommendation of the Governing Council of the European Central Bank and after approval by the Council of the European Union.
The Statutory Auditors shall verify that the annual accounts are true and fair and give a true and fair view of the results of operations for the past financial year and of the financial position and assets of the Banque de France at the end of the financial year.
Articles L. 820-3-1, L. 822-1, L. 822-3, L. 822-10, L. 822-17, L. 822-18, L. 823-1, L. 823-2, L. 823-3, L. 823-4, L. 823-5, L. 823-7, L. 823-8, L. 823-10, L. 823-12, L. 823-13, L. 823-14, L. 823-15 and L. 823-16 of the French Commercial Code apply to the Banque de France.
The General Council exercises the functions assigned by these provisions to the General Meeting and the Board of Directors.