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DOCUMENTS SPECIFIC TO THE SHAREHOLDERS’ GENERAL MEETING
156
LISI 2015 FINANCIAL REPORT
2
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AUDITORS' REPORT, PREPARED IN ACCORDANCE WITH ARTICLE L. 225-235 OF THE
FRENCH COMMERCIAL CODE, ON THE REPORT OF THE CHAIRMAN OF THE BOARD OF
DIRECTORS OF LISI - FINANCIAL YEAR ENDED DECEMBER 31, 2015
Dear Shareholders,
In our capacity as Auditors of the Company 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 your Company's Board of Directors
in compliance with the provisions of Article 225-37 of the
French Commercial Code for the financial year ended December
31, 2015.
It is for the Chairman to prepare and submit for approval to
the Board of Directors a report, giving account of internal
audit procedures and risk management implemented by the
Company and providing other information required by Article
L. 225-37 of the French Commercial Code, particularly in terms
of corporate governance measures.
It is for us to:
■■
inform you of such observations as are called for by ourselves,
in respect of the information given in the Chairman’s
report concerning the internal control and risk management
procedures for the preparation and processing of accounting
and financial information;
■■
testify that the report includes other information required
under Article L. 225-37 of the French Commercial Code, while
acknowledging that it is not our duty to verify the authenticity
of this other data.
Wehave carriedout ourwork inaccordancewith theprofessional
standards in use in France.
Information regarding internal control and risk management
procedures relating to the drawing-up and processing of
accounting and financial information
Standards governing professional practice require that due
diligence procedures be carried out to assess the honesty of
information regarding internal control and risk management
procedures relating to the drawing up and processing of
accounting and financial information contained in the
Chairman's report. These careful evaluations largely consist of:
■■
familiarizing ourselves with the internal control and risk
management procedures for the drafting and processing
of the accounting and financial information behind the
information presented in the Chairman’s report and other
existing documentation;
■■
familiarizing ourselves with the work on which existing
information and documentation is based;
■■
ascertaining whether appropriate information on serious
lapses in internal controls regarding the drafting and
processing of accounting and financial information which
we may have found within the scope of our mission are
appropriately included in the Chairman’s report.
Based upon the work done, we have no observations to make
concerning the information and declarations in respect of the
Company’s internal control and risk management procedures
for the preparation and processing of accounting and financial
information, as contained in the Chairman’s report, prepared
in accordance with the last paragraph of Article L. 225-37 of the
French Commercial code.
Additional information
We certify that the Chairman of the Board of Directors’ report
includes the other information required under Article L. 225-37
of the French Commercial Code.
Exincourt and Paris-La Défense, March 24, 2016
The Auditors
EXCO CAP AUDIT
ERNST & YOUNG et Autres
Philippe Pourcelot
Henri-Pierre Navas