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| AUDITORS' REPORT, PREPARED INACCORDANCEWITHARTICLEL.225-235
OFTHEFRENCHCOMMERCIALCODE, ONTHECHAIRMANOFTHELISI
BOARD'SREPORT - FINANCIALYEARENDEDDECEMBER31, 2013
Information regarding internal audit and risk management
procedures relating to thedrawing-upandprocessingof accounting
andfinancialinformation.
Standards governing professional practice require that due diligence
proceduresbecarriedouttoassessthehonestyof informationregarding
internal audit and riskmanagement procedures relating to thedrawing
upandprocessingof accountingand financial information contained in
theChairman'sreport.Thesecarefulevaluations largelyconsist in:
n
familiarizing ourselves with the internal audit and riskmanagement
procedures for the drafting and processing of the accounting and
financial information behind the information presented in the
Chairman’sreportandotherexistingdocumentation;
n
familiarizingourselveswiththeworkonwhichexisting informationand
documentation isbased;
n
ascertaining whether appropriate information on serious lapses in
internalauditsregardingthedraftingandprocessingofaccountingand
financial informationwhichwemayhave foundwithinthescopeofour
missionareappropriately included intheChairman’sreport.
Basedupontheworkdone,wehavenoobservationstomakeconcerning
the information and declarations in respect of the company’s internal
audit and risk management procedures for the preparation and
processingof accountingand financial information, as contained in the
Chairman’s Report, prepared in accordancewith the last paragraph of
ArticleL225-37oftheFrenchCommercialcode.
Additionalinformation
We attest that the Chairman of the Board of Directors’ report includes
the other information required under Article L.225-37 of the French
CommercialCode.
DearShareholders,
In our capacity as Auditors of LISI S.A. and in accordance with the
provisions of Article L. 225-235 of the French Commercial Code, we
hereby present our report on the report drafted by the Chairman of
yourCompany'sBoardofDirectors in compliancewith theprovisionsof
Article225-37oftheFrenchCommercialCodeforthefinancialyearended
December31,2013.
It is for theChairman todrawupand submit for theBoardofDirectors’
approval a report giving an account of the internal audit and risk
managementproceduressetupwithinthecompany,andgivinganyother
information required under Article L.225-37 of the French Commercial
Codewithparticularreferencetocorporategovernance issues.
It is forusto:
n
informyouofsuchobservationsasarecalledforbyourselves, inrespect
of the information given in the Chairman’s Report concerning the
internalauditandriskmanagementproceduresforthepreparationand
processingofaccountingand financial informationand
n
testifythatthereport includesother informationrequiredunderArticle
L.225-37oftheCommercialCode,whileacknowledgingthat it isnotour
dutytoverifytheauthenticityofthisotherdata.
We have carried out our work in accordance with the professional
standards inuse inFrance.
ExincourtandParisLaDéfense,March26,2014
TheAuditors
EXCOCAPAUDIT
Ernst&Youngetautres
PhilippePourcelot
Henri-PierreNavas
LISI FINANCIALREPORT2013 I
129
DOCUMENTSSPECIFICTOTHEANNUALGENERALMEETING
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