APC 2015 Annual Report Download - page 268

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC266
PARENT C OMPANY FINANCIAL STATEMENTS
6STATUTORY AUDITORS’ REPORT ONTHEANNUAL FINANCIALSTATEMENTS
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4. Statutory a uditors’ report
ontheannual financialstatements
To the shareholders,
In compliance with the assignment entrusted to us by your Annual
Shareholders’ Meeting, we hereby report to you, for the year ended
December31, 2015 on:
•the audit of the accompanying financial statements of Schneider
Electric SE;
•the justification of our assessments;
•the specific verifications and information required by law.
These financial statements have been approved by the board
of directors. Our role is to express an opinion on these financial
statements based on our audit.
I – Opinion on the Financial Statements
We conducted our audit in accordance with the professional
standards applicable in France; those standards require that we
plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement.
An audit involves performing procedures, using sampling techniques
or other methods of selection, to obtain audit evidence about the
amounts and disclosures in the financial statements. An audit also
includes evaluating the appropriateness of accounting policies used
and the reasonableness of accounting estimates made, as well as
the overall presentation of the financial statements. We believe that
the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our audit opinion.
In our opinion, the financial statements give a true and fair view of
the assets and liabilities and of the financial position of the Company
and of the results of its operations for the year ended, in accordance
with French accounting principles.
II – Justification of our assessments
In accordance with the requirements of articleL.823-9 of the French
Commercial Code (Code de commerce) relating to the justification
of our assessments, we bring to your attention the following matters:
The notes « Accounting Principles » and « Note 2 – Investments » to
the fi nancial statements, which present respectively the accounting
methods and principles used to value investments and the detail of
investment securities in the company’s balance sheet.
As part of our assessment of the accounting principles and
methods used by your company, we verifi ed the appropriateness
of the principles and methods specifi ed above as well as the
information provided in the notes to the financial statements, and
obtained assurance that they were correctly applied.
These assessments were made as part of our audit of the financial
statements, taken as a whole, and therefore contributed to the
opinion we formed which is expressed in the first part of this report.
III – Specific verifications and information
We have also performed, in accordance with professional standards
applicable in France the specific verifications required by French law.
We have no matters to report as to the fair presentation and the
consistency with the financial statements of the information given
in the management report of the board of directors and in the
documents addressed to the shareholders with respect to the
financial position and the financial statements.
Concerning the information given in accordance with the
requirements of article L. 225-102-1 of the French Commercial
Code (Code de commerce) relating to remuneration and benefits
received by c orporate officers and any other commitments made
in their favour, we have verified their consistency with the financial
statements, or with the underlying information used to prepare
these financial statements; and, where applicable, with the
information obtained by your Company from companies controlling
your Company or controlled by it. Based on this work, we attest to
the accuracy and fair presentation of this information.
In accordance with French l aw, we have verifi ed that the required
information concerning the purchase of investments and controlling
interests and the identity of the shareholders has been properly
disclosed in the management report.
Paris-La Défense and Courbevoie, March 10 , 2016,
The statutory auditors
French original signed by
MAZARS ERNST & YOUNG et Autres
David Chaudat Jean Yves Jé gourel
This is a free translation into English of the s tatutory a uditors’ report on the f inancial s tatements issued in French and it is provided solely
for the convenience of English speaking users. The s tatutory a uditors’ 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 assu-
rance 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