| Statutory
auditors are required by law to be independent vis-à-vis their clients.
This applies equally to an individual or a firm. Statutory auditors are
forbidden to receive remuneration from any of the following sources:
- The audited company for services other than auditing;
- Any company that holds 10% or more of the capital of the audited
company;
- A company in which the audited company holds 10% or more of the
capital.
For cultural and historical reasons, individual statutory auditors
have usually been designated rather than firms. Increasingly, however,
firms are being appointed as statutory auditors, including French accounting
companies and professional auditing partnerships.
| OEC (1999) |
CNCC (1999) |
| 16,158 Experts Comptables |
16,124 Commissaires aux comptes |
| 10,839 firms of experts comptables (employing 130,
000) |
2,789 firms registered with the CNCC |
| 4, 739 trainees |
|
|
