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LISI 2016 FINANCIAL REPORT
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, 2016.
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; and
–
–
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.
We have carried out our work in accordance with the professional
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 thework done, we have no observations tomake 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.
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I
AUDITORS’ REPORT PREPARED IN ACCORDANCE WITH
ARTICLE L. 225‑235 OF THE FRENCH COMMERCIAL CODE,
ON THE CHAIRMAN OF THE LISI BOARD’S REPORT
– FINANCIAL YEAR ENDED DECEMBER 31, 2016
Exincourt and Paris-La Défense, March 28, 2017
The Auditors
EXCO CAP AUDIT
ERNST & YOUNG et Autres
Philippe Pourcelot
Henri-Pierre Navas
Documents specific to the Shareholders General Meeting
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