APC 2013 Annual Report Download - page 270

6COMPANY FINANCIALSTATEMENTS
STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS
Statutory auditors’ report 4.
onthefinancialstatements
This is a free translation into English of the statutory auditors’ report on the Financial Statements issued in French and it is provided solely
for the convenience of English speaking users.
The statutory auditors’ report includes information specifically required by French law in such reports, whether modified or not. This
information is presented below the audit opinion on the financial statements and includes an explanatory paragraph discussing the
auditors’ assessments of certain significant accounting and auditing matters. These assessments were considered for the purpose of
issuing an audit opinion on the financial statements taken as a whole and not to provide separate assurance on individual account
balances, transactions, or disclosures.
This report also includes information relating to the specific verification of information given in the management report and in the
documents addressed to shareholders.
This report should be read in conjunction with, and construed in accordance with, French law and professional auditing standards
applicable in France.
To the Shareholders, as the detail of capitalized investments, described respectively in the
notes “Accounting Principles” and “Note 2 – Investments” to the
In compliance with the assignment entrusted to us by your Annual financial statements, and obtained assurance that they were correctly
Shareholders’ Meeting, we hereby report to you, for the year ended applied.
December 31, 2013 on: These assessments were made as part of our audit of the financial
the audit of the accompanying financial statements of Schneider
l
statements, taken as a whole, and therefore contributed to the opinion
Electric SA;
we formed which is expressed in the first part of this report.
the justification of our assessments;
l
III – Specific verifications and information
the specific verifications and information required by law.
l
These financial statements have been approved by the board of
directors. Our role is to express an opinion on these financial statements We have also performed, in accordance with professional standards
based on our audit. applicable in France the specific verifications required by French law.
We have no matters to report as to the fair presentation and the
I – Opinion on the Financial Statements
consistency with the financial statements of the information given in the
report of the board of directors and in the documents addressed to the
shareholders with respect to the financial position and the financial
We conducted our audit in accordance with professional standards statements.
applicable in France; those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial Concerning the information given in accordance with the requirements
statements are free of material misstatement. An audit involves of article L.225-102-1 of French Commercial Code (Code de
performing procedures, using sampling techniques or other methods of Commerce) relating to remunerations and benefits received by the
selection, to obtain audit evidence about the amounts and disclosures in Corporate officers concerned and any other commitments made in their
the financial statements. An audit also includes evaluating the favour, we have verified its consistency with the financial statements, or
appropriateness of accounting policies used and the reasonableness of with the underlying information used to prepare these financial
accounting estimates made, as well as the overall presentation of the statements; and, where applicable, with the information obtained by
financial statements. We believe that the audit evidence we have your Company from companies controlling your Company or controlled
obtained is sufficient and appropriate to provide a basis for our audit by it. Based on this work, we attest the accuracy and fair presentation
opinion. of this information.
In our opinion, the financial statements give a true and fair view of the In accordance with French Law, we have verified that the required
assets and liabilities and of the financial position of the company as at information concerning the purchase of investments and controlling
December 31, 2013 and of the results of its operations for the year then interests and the identity of the shareholders has been properly
ended in accordance with French accounting principles. disclosed in the report of the board of directors.
II – Justification of our assessments
Courbevoie and Paris-La Défense, March 10, 2014,
The statutory auditors
In accordance with the requirements of article L.823-9 of the French
French original signed by
Commercial Code (Code de commerce) relating to the justification of
our assessments, we bring to your attention the following matters:
As part of our assessment of the accounting principles and methods
MAZARS ERNST & YOUNG et Autres
used by your company, we verified the appropriateness of the principles
David Chaudat Yvon Salaün
and methods used to value shares in subsidiaries and affiliates, as well
268 2013 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC