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Statutory auditor · Paris

Statutory audit and legal engagements in France

Statutory audit, contribution, merger and transformation audits, sustainability assurance and contractual audits, carried out by a French statutory auditor (commissaire aux comptes), in English if needed.

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  • SMEs and mid-sized companies
  • Subsidiaries of groups
  • Associations and foundations
  • Holding companies
  • Companies restructuring
  • And many more…

The audit engagements

Statutory audit

For companies and groups above the legal thresholds, associations receiving grants or donations above the thresholds, and entities choosing a voluntary audit, for example at the request of investors or a group.

One-off legal engagements

Contribution, merger and transformation audits: engagements required by law for capital transactions and restructurings. See the dedicated pages below.

Sustainability

Assurance on sustainability information and on voluntary reports, by Nadir El Jouaidi, statutory auditor registered for these engagements.

Contractual audit

Acquisition audits, limited reviews, agreed-upon procedures, specific certificates requested by a group, a bank or a partner.

Independence, a professional requirement

The statutory auditor carries out a public-interest engagement under strict independence rules. As Hexaconto is chaired by Nadir El Jouaidi, the firm can never be the accountant or adviser of an entity of which Nadir El Jouaidi is the statutory auditor, nor prepare a transaction he audits: that would be self-review. Before accepting any engagement, we check that there is no incompatible situation.

Statutory audit engagements are carried out by Nadir El Jouaidi, statutory auditor, member of the Paris regional institute of statutory auditors (CRCC), also registered for sustainability assurance.

Subsidiaries of foreign groups

Nadir El Jouaidi can act for French subsidiaries of international groups, for statutory or contractual audits requested by the parent company, with exchanges in English, if Hexaconto does not already work for the subsidiary. See our support for subsidiaries and international entrepreneurs

Contribution audit

Contributions in kind at incorporation or capital increase, including shares contributed to a holding.

Merger audit

Mergers, demergers and partial transfers of assets: exchange ratio and contributions.

Transformation audit

SARL to SAS and other changes of legal form: report on the value of the assets.

Frequently asked questions

Does my company need a statutory auditor?

It depends on thresholds (balance sheet total, turnover, headcount) and on the company’s situation, for example when it controls other companies or belongs to a group. Even below the thresholds, one or more shareholders holding at least one tenth of the share capital may ask the court to appoint one (articles L. 223-35, L. 227-9-1 and L. 225-218 of the French Commercial Code for the SARL, the SAS and the SA). We review this with you.

For how long is the auditor appointed?

In principle for six financial years. A lighter, shorter engagement is provided for small companies in some situations.

Can my accountant also be my auditor?

No. The two engagements are incompatible for the same entity, to guarantee the auditor’s independence.

How much does an audit cost?

Fees depend on the entity’s size, the complexity of its operations and the quality of its accounting organisation. They are set in an engagement letter after an initial review.

Is the audit report available in English?

Statutory reports are issued in French, as French rules require. Nadir El Jouaidi can explain the work and conclusions in English to your shareholders and your group.

Your meeting booked in 2 minutes

A few questions about your business: you know straight away whether we can support you, and at what budget. Then your documents, a meeting with a chartered accountant, and your proposal usually during that meeting.

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