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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

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