APC 2004 Annual Report Download - page 146

Download and view the complete annual report

Please find page 146 of the 2004 APC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 148

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148

144
4
Auditors' Report on the Report
of the Chairman of the Board of Directors
Year ended December 31, 2004
To the shareholders,
In our capacity as Statutory Auditors of Schneider
Electric SA (the Company) and as required by the
final paragraph of Article L.225-235 of the French
Commercial Code (Code de Commerce), we hereby
present our report on the report prepared by the
Chairman of the Board of Directors of the Company in
accordance with Article L.225-37 of the Code de
Commerce for the year ended December 31, 2004.
In his report, the Chairman of the Board of Directors
is required to comment on the conditions applicable
for the preparation and organization of the work car-
ried out by the Board of Directors and the internal
control procedures implemented within the Company.
Our responsibility is to report to shareholders our
comments on the information contained in the
Chairman's report concerning the internal control pro-
cedures related to the preparation and processing of
accounting and financial information.
We performed our work in accordance with profes-
sional standards in France. Those standards require
that we perform procedures to verify the information
provided in the Chairman's report on the internal con-
trol procedures covering the preparation and process-
ing of accounting and financial information.
Auditors' Report on the Report of the Chairman of the Board
of Directors drawn up in application of the final paragraph of
Article L.225-235 of the French Commercial Code (Code de Commerce)
and concerning internal control procedures related to the establishment
and processing of accounting and financial information
Free translation of the original report in French
In particular, we have examined the objectives and
general organization of the Company's internal con-
trol system and the internal control procedures cover-
ing the preparation and processing of accounting and
financial information, as described in the Chairman's
report. We have also examined the underlying docu-
ments
Based on our procedures, we have no comments to
make on the information provided concerning the
Company's internal control procedures covering the
preparation and processing of accounting and finan-
cial information, as contained in the report of the
Chairman of the Board of Directors, prepared in accor-
dance with the final paragraph of article L.225-37 of
the Code de Commerce.
Paris and Neuilly-sur-Seine, February 17, 2005
The Statutory Auditors
Barbier Frinault et Autres / Mazars & Guérard /
Ernst & Young Mazars
Christian Chochon Pierre Sardet
Pierre Jouanne Jean-Louis Simon