LISI GROUP - 2018 Financial report

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■■he/she reviews the internal control relevant to the audit in order to
defineappropriateauditprocedures inthecircumstances,andnotwith
the objective of expressing an opinion on the effectiveness of the
internal control;
■■he/she assesses the appropriateness of the accounting policies used
and the reasonableness of the accounting estimates made by
management, as well as the disclosures provided in the consolidated
financial statements;
■■he/sheassessestheappropriatenessoftheapplicationbymanagement
of the accounting principle of going concern and, based on the
information gathered, the existence or non-existence of a significant
uncertaintyrelatingtoeventsorcircumstances likelytounderminethe
company’s ability to continue its operation. This assessment is based
on information compiled up to the date of his/her report, it being
specified however that subsequent circumstances or events may
undermine the company’s ability to continue as a going concern. If he/
she concludes that there is a significant uncertainty, he/she draws the
attention of readers of his report on the information provided in the
consolidatedfinancialstatementsregardingthisuncertaintyor, ifsuch
information is not provided or is not relevant, he/she issues a qualified
opinion or refuses to certify;
■■he/she assesses the overall presentation of the consolidated financial
statements and appraises whether the consolidated financial
statements reflect the underlying transactions and events such as to
give a true and fair view;
■■asregardsthefinancial informationofcompanies included inthescope
of consolidation, he/she gathers the information that he/she deems
sufficient and relevant to express an opinion on the consolidated
financial statements. He/she is responsible for the management,
supervision and conduct of the audit of the consolidated financial
statementsandoftheopinionexpressedonthesefinancialstatements.
Report to the Audit Committee
We submit a report to the Audit Committee presenting the scope of the
audit work and the programof work implemented, as well as the findings
followingfromourwork.WealsoinformtheCommittee,whereapplicable,
of significant weaknesses in internal control that we have identified as
regards procedures relating to the preparation and processing of
accounting and financial information.
The report to the Audit Committee includes information on the risks of
materialmisstatementsthatwedeemedtohavebeenthemostimportant
fortheauditoftheconsolidatedfinancialstatementsofthefinancialyear
and which constitute the key audit matters that we have to describe in
this report.
WealsosubmittotheAuditCommitteethedeclarationsetout inArticle6
of Regulation (EU) No. 537‑2014 confirming our independence, within the
meaning of the rules applicable in France as they are set out in particular
in Articles L. 822‑10 to L. 822‑14 of the French Commercial Code and in
theFrenchCodeofEthicsforAuditors.Wherenecessary,wediscusswith
the Audit Committee the risks to our independence and the safeguard
measures applied.
Paris and Paris-La Défense, March 27, 2019
The Auditors
EXCO ET ASSOCIES ERNST & YOUNG et Autres
Pierre Burnel Pierre Jouanne