APC 2014 Annual Report Download - page 268

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,
In compliance with the assignment entrusted to us by your Annual Company as at December 31, 2014 and of the results of its
Shareholders’ Meeting, we hereby report to you, for the year operations for the year then ended in accordance with French
ended December31, 2014 on: accounting principles.
the audit of the accompanying financial statements of Schneider
l
Without qualifying our opinion expressed above, we draw your
Electric SE; attention to notes « Accounting principles » and « Note 8.2 –
Pension accruals » to the financial statements which set out the
the justification of our assessments;
l
consequences resulting from the change of accounting method
the specific verifications and information required by law.
l
relating to recognition of pension commitments.
These financial statements have been approved by the board of
II – Justification of our assessments
directors. Our role is to express an opinion on these financial
statements based on our audit. In accordance with the requirements of article L. 823-9 of the
French Commercial Code (Code de commerce) relating to the
I – Opinion on the Financial Statements
justification of our assessments, we bring to your attention the
We conducted our audit in accordance with professional standards following matters:
applicable in France; those standards require that we plan and - As part of our assessment of the accounting principles and
perform the audit to obtain reasonable assurance about whether methods used by your company, we verified the appropriateness
the financial statements are free of material misstatement. An audit of the principles and methods used to value shares in subsidiaries
involves performing procedures, using sampling techniques or and affiliates, as well as the detail of capitalized investments,
other methods of selection, to obtain audit evidence about the described respectively in the notes “Accounting Principles” and
amounts and disclosures in the financial statements. An audit also “Note 2 – Investments” to the financial statements, and obtained
includes evaluating the appropriateness of accounting policies assurance that they were correctly applied.
used and the reasonableness of accounting estimates made, as
well as the overall presentation of the financial statements. We These assessments were made as part of our audit of the financial
believe that the audit evidence we have obtained is sufficient and statements, taken as a whole, and therefore contributed to the
appropriate to provide a basis for our audit opinion. opinion we formed which is expressed in the first part of this
report.
In our opinion, the financial statements give a true and fair view of
the assets and liabilities and of the financial position of the
266 DOCUMENT DE RÉFÉRENCE 2014 SCHNEIDER ELECTRIC