APC 2009 Annual Report Download - page 104

2009 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC102
CORPORATE GOVERNANCE
3INTERNAL CONTROL AND RISK MANAGEMENT
7. Report of the Statutory Auditors onthe internal control procedure
Statutory Auditors’Report, prepared
in accordance with articleL.225 -235 of
theFrench Commercial Code (Code de
commerce), on the report prepared by
the Chairman of the Supervisory Board of
the Company Schneider Electric SA
This is a free translation into English of a report issued in French
language and is provided solely for the convenience of English-
speaking users. This report should be read in conjunction with
and construed in accordance with French law and professional
auditing standards applicable in France.
Statutory Auditors’ Report, prepared in accordance with
articleL.225 -235 of the French Commercial Code (Code de
commerce), on the report prepared by the Chairman of the
Supervisory Board of the Company Schneider Electric SA .
To the shareholders,
In our capacity as Statutory Auditors of Schneider Electric SA and in
accordance with articleL.225 -235 of the French Commercial Code
(Code de commerce), we hereby report on the report prepared by
the Chairman of your Company in accordance with articleL.225 -68
of the French Commercial Code (Code de commerce) for the year
ended December 31, 2009.
It is the Chairman’s responsibility to prepare and submit for the
supervisory board’s approval a report on the internal control and
risk management procedures implemented by the Company and to
provide other information required by articleL.225 -68 of the French
Commercial Code (Code de commerce) relating to matters such as
corporate governance.
Our role is to:
•report on the information contained in the Chairman’s report in
respect of the internal control and risk management procedures
relating to the preparation and processing of accounting and
fi nancial information;
•confi rm that the report also includes other information required
by articleL.225 -68 of the French Commercial Code (Code de
commerce). It should be noted that our role is not to verify the
fairness of this other information.
We conducted our work in accordance with French professional
standards.
Information on the internal control andrisk
management procedures relating tothepreparation
and processing ofaccounting and financial
information
These standards require that we perform the necessary procedures
to assess the fairness of the information provided in the Chairman’s
report in respect of the internal control and risk management
procedures relating to the preparation and processing of the
accounting and fi nancial information. These procedures consist
mainly in:
•obtaining an understanding of the internal control and risk
management procedures relating to the preparation and
processing of the accounting and fi nancial information on which
the information presented in the Chairman’s report is based, and
existing documentation;
•obtaining an understanding of the work involved in the preparation
of this information and of the existing documentation;
•determining if any material weaknesses in the internal control
procedures relating to the preparation and processing of
accounting and fi nancial information that we would have noted in
the course of our work are properly disclosed in the Chairman’s
report.
On the basis of our work, we have nothing to report on the
information in respect of the Company’s internal control and risk
management procedures relating to the preparation and processing
of accounting and financial information contained in the report
prepared by the Chairman of the Supervisory Board in accordance
with articleL.225 -68 of the French Commercial Code (Code de
commerce).
Other information
We confirm that the report prepared by the Chairman of the
Supervisory Board also contains other information required by
articleL. 225 -68 of the French Commercial Code (Code de
commerce).
Courbevoie and Neuilly-sur-Seine, February 17, 2010
The Statutory Auditors
French original signed by
Mazars Ernst & Young et Autres
Pierre SARDET Yvon SALAÜN