Universal Registration Document 2019

74 LISI 2019 UNIVERSAL REGISTRATION DOCUMENT Consolidated financial statements 2 reasonable to expect that they can, taken separately or together, influence the economic decisions that users of the financial statements take based on ‑them. As set out in Article L.823‑10‑1 of the French Commercial Code, our task of certifying the financial statements does not consist in guaranteeing the viability or the quality of the management of your company. As part of our audit conducted in accordance with the professional standards applicable in France, the Auditor exercises his professional judgment throughout this audit. Furthermore: ■ the Auditor identifies and assesses the risks that the consolidated financial statements contain material misstatements, whether due to fraud or error, defines and implements audit procedures to tackle these risks, and gathers the information that he/she deems sufficient and relevant to form his/her opinion. The risk of non-detection of a material misstatement arising from a fraud is higher than that of a material misstatement arising from an error, since fraud may involve collusion, forgery, deliberate omissions, misrepresentations or the circumvention of internal control; ■ he/she reviews the internal control relevant to the audit in order to define appropriate audit procedures in the circumstances, and not with 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/she assesses the appropriateness of the application by management of the accounting principle of going concern and, based on the information gathered, the existence or non-existence of a significant uncertainty relating to events or circumstances likely to undermine the 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 consolidated financial statements regarding this uncertainty or, if such 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 appraiseswhether the consolidated financial statements reflect the underlying transactions and events such as to give a true and fair view; ■ as regards the financial information of companies included in the scope 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 statements and of the opinion expressed on these financial statements. 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 resulting fromour work. We also inform the Committee, where applicable, 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 material misstatements that we deemed to have been the most important for the audit of the consolidated financial statements for the financial year and which constitute the key audit matters that we have to describe in this report. We also submit to the Audit Committee the declaration set out in Article 6 of Regulation (EU) No. 537‑2014 confirming our independence, within the meaning of the rules applicable in France as they are set out in Articles L. ‑822‑10‑ ‑to L 822‑14 of the French Commercial Code and in the French Code of Ethics for Auditors. Where necessary, we discuss the risks to our independence and the safeguard measures applied with the Audit Committee. Paris and Paris-La Défense, March 31, 2020 The Auditors EXCO ET ASSOCIES ERNST & YOUNG et Autres Pierre Burnel Pierre Jouanne