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Job

Why work with a statutory auditor?

We take charge of statutory audit missions (commissaire aux comptes) to certify the accuracy and compliance of your financial information with the standards in force. To do this, we carry out a legal audit in accordance with the procedure defined by French law. Our mission is of general interest as it provides an important level of assurance to third parties. Our intervention may be obligatory, in the event of exceeding certain thresholds, or voluntary, at the request of a partner or within the framework of capital transactions.

Our opinion building trust

Our firm acts as a statutory auditor (CAC) for the certification of annual financial statements of businesses and groups. We are also appointed on an ad hoc basis for specific capital-related operations. As external auditors, our missions aim to issue an opinion that secures financial information and enables stakeholders to make informed decisions.

Persona

Request a quote for a legal or ad hoc audit mission

1

Entrepreneurs and CEO | CFO

Our firm assists commercial entities that have exceeded legal thresholds or that wish to appoint a statutory auditor voluntarily, often at the request of a third party (investor, bank, regulatory authority, etc.).

2

Corporate groups

We certify the financial statements of individual group entities and subsidiaries. We also audit consolidated financial statements, either due to exceeding legal thresholds or at the request of a third party (bank, foreign parent company, etc.).

3

Non-profit organizations

We audit various forms of non-profit organizations, including associations, foundations, and endowment funds that have received grants or other forms of donations.

4

Legal and financial professionals

We are regularly called upon by law firms, investment funds, and financial departments for ad hoc audit missions related to capital raising, the setup of management packages, or the issuance of certificates for share release by debt offset.

Our statutory audit and Ad Hoc missions

We serve as statutory auditors for around 20 entities and carry out more than 40 ad hoc audit missions annually.

Roadmap

1

Mission initiation

Based on our initial discussions, we draft an engagement letter outlining the terms and conditions of our intervention.

2

Document collection and transmission

We provide a list of documents to be submitted for the execution of our work.

3

Diligence

We then analyze the submitted documentation and conduct a detailed review through a Q&A phase.

4

Signing of the letter of representation

We prepare and request a letter of representation from you, summarizing the key information confirmed during our mission.

5

Finalization

We summarize our work and formalize it in a report, providing you with our conclusions

Our expertise

Annual financial statements certification

We certify your entity’s annual and/or consolidated financial statements.

Capital increase

We assist in capital increase operations involving the issuance of ordinary shares, preference shares, or dilutive securities (AO, ADP, ABSA, BSA, OCA, etc.).

Management package

We assist with the issuance of BSPCE, stock options, or the buyback of shares for allocation or distribution.

Depositary certificate

We intervene in the release of shares through debt offset, issuing a depositary certificate.

Asset and liability verification

An auditor is appointed to verify the assets and liabilities when a corporation that has not yet approved two financial statements plans to issue bonds.

Dividend advance

he distribution of a dividend advance requires the prior involvement of an ad hoc statutory auditor.

Our greatest qualities at your service

We offer our knowledge, expertise, and professionalism to support your contribution in kind operations, mergers, demergers, and related activities, as well as the creation of preferred shares.

Insight

As the driving force behind our advice. By understanding the nuances of your business and industry, we provide informed and insightful guidance.

Proactivity

Beyond simple responsiveness To provide the best possible support, we believe that proactivity is a fundamental prerequisite for progress.

Adaptability

Expertise and professionalism. We hold a position of authority in our field but remain flexible to collaborate effectively.

Trust

A result we strive for. Internally and externally, we believe trust must be earned to ensure successful collaboration.

Appointment thresholds

The law establishes appointment thresholds for statutory auditors for commercial companies (SA, SCA, SCS, SARL, SNC, SAS, SE), small groups, training organizations, non-profits, public benefit foundations, corporate foundations, and endowment funds

They tell it better than we do

Excellent auditor - Efficient and pragmatic. I recommend.

Cédric Choukroun

A team ready to address your concerns

Jérémy Lellouche

Partner

Nicolas Denecker

Partner

We welcome you to our offices

We answer your questions

Is a statutory auditor required for a capital increase without preferential subscription rights?

Yes. Since the PACTE law, the appointment of an ad hoc statutory auditor is mandatory, even if the company does not have a statutory auditor to certify its accounts, in cases of a capital increase without preferential subscription rights (articles L. 225-136 2°, L. 225-138, and L. 225-138-1). This includes: – the issuance of dilutive securities (such as BSA); – the issuance of BSPCE; – a capital increase reserved for employees (article L. 225-129-6); – a capital increase by issuing preference shares

Is the intervention of a statutory auditor required for the release of shares by debt offset?

Yes. Since the enactment of the PACTE law, the intervention of an ad hoc statutory auditor is mandatory, even if the company has not appointed a statutory auditor to certify its accounts, in cases where shares are released by debt offset (Article L. 225-146 of the French Commercial Code). On this occasion, the ad hoc statutory auditor issues a depositary certificate.

Is the intervention of a statutory auditor required for stock option grants?

Yes. Since the enactment of the PACTE law, the intervention of an ad hoc statutory auditor is mandatory, even if the company has not appointed a statutory auditor to certify its accounts, in cases where stock options (subscription or purchase options) are granted (Article L. 225-177 of the French Commercial Code).

Is the intervention of a statutory auditor required for the allocation of free shares?

Yes. Since the enactment of the PACTE law, the intervention of an ad hoc statutory auditor is mandatory, even if the company has not appointed a statutory auditor to certify its accounts, in cases where free shares are allocated (Article L. 225-197-1 of the French Commercial Code).

Is the intervention of a statutory auditor required when a company buys back its own shares?

Yes. Since the enactment of the PACTE law, the intervention of an ad hoc statutory auditor is mandatory, even if the company has not appointed a statutory auditor to certify its accounts, in cases where a company buys back its own shares to offer or allocate them (share buybacks) (Article L. 225-209-2 of the French Commercial Code).