APC 2015 Annual Report Download - page 176

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC174
CORPORATE GOVERNANCE
3INTERNAL CONTROL AND RISK MANAGEMENT
9.7 Report of the statutory auditors on the Chairman’s report on internal control
This is a free translation into English of a report issued in
French and it 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
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 board of directors of Schneider ElectricSE
To the shareholders,
In our capacity as statutory auditors of Schneider ElectricSE 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. 225-37
of the French Commercial Code (Code de commerce) for the year
ended December31, 2014 .
It is the Chairman’s responsibility to prepare and submit for the
board of directors’ approval a report on internal control and risk
management procedures implemented by the company and to
provide the other information required by articleL. 225-37 of the
French Commercial Code (Code de commerce) relating to matters
such as corporate governance.
Our role is to:
•report on any matters as to 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 the accounting and fi nancial information;
•confi rm that the report also includes the other information
required by article L. 225-37 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 professional standards
applicable in France.
Information on internal control and risk management
procedures relating to the preparation and
processing of accounting and financial information
The professional 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
of the 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 the
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 no matters to report on the
information relating to the company’s internal control and risk
management procedures relating to the preparation and processing
of the accounting and fi nancial information contained in the report
prepared by the Chairman of the board of directors in accordance
with articleL. 225-37 of the French Commercial Code (Code de
commerce).
Other information
We confi rm that the report prepared by the Chairman of the
board of directors also contains the other information required
by article L. 225-37 of the French Commercial Code (Code de
commerce).
Courbevoie and Paris-La Défense, March10 , 2016
The statutory auditors
French original signed by
MAZARS ERNST& YOUNG et Autres
David Chaudat Jean-Yves Jégourel