BPCE - 2019 Universal Registration Document

5

FINANCIAL REPORT

PERSONS RESPONSIBLE FOR AUDITING THE FINANCIAL STATEMENTS

Persons responsible for auditing the financial 5.9 statements

5.9.1

Statutory Audit system

for a one year period, of an exhaustive list of categories of services other than financial statement certification. These provisions are stated in the appendices to the “Framework” and were subject to an annual review validated by BPCE’s Audit Committee on November 5, 2019. They have been distributed to all Group entities. In terms of system oversight: each company’s Audit Committee: examines the services rendered by the Statutory Auditors. • Aside from the prior approval of services other than financial statement certification in compliance with provisions that have been defined in the “Framework”, the committee examines the fees and types of services rendered as recorded in each company’s income statement; ensures compliance with the principles laid out in the • “Framework”, rules governing the rotation of Statutory Auditors and the rotation of signatory partners and the implementation of a Statutory Auditor selection procedure at the end of each maximum term of office; to that end, relies on the controls of accounting and financial • information performed by the Review function. A Group standard on the verification of the independence of Statutory Auditors, which was updated and approved by the Standards and Methods Committee on December 12, 2018, sets out this function’s role in this respect and the main due diligence review it must complete. The work carried out within this framework is presented to each company’s Audit Committee and, on a consolidated basis, to the Group Audit Committee.

Within the Group, the main rules that govern the Statutory Audit system and aim to guarantee Statutory Auditor independence in Groupe BPCE companies are defined in the “Framework for Statutory Auditor Assignments at Groupe BPCE,” (the “Framework”) validated by BPCE’s Supervisory Board on November 7, 2017. Applicable to all Group businesses, the “Framework” primarily defines: the rules governing the selection of Statutory Auditors for the • Group and its entities; the rules governing the services that may be provided by • Statutory Auditors (or their networks); the role of Audit Committees with respect to monitoring the • system. On the appointment of Group Statutory Auditors: in line with the new regulation, the Group recommends that each Group company continues to designate at least one network of Statutory Auditors that certify BPCE’s consolidated and individual financial statements to ensure there is a consistent, harmonized financial audit system available across the Group. However, each company’s Audit Committee retains the authority to select Statutory Auditors subject to the approval of the company’s Annual General Shareholders’ Meeting. On the prior approval of services other than financial statement certification: in line with the opinion provided by the Haut Conseil du Commissariat aux Comptes (H3C) on July 26, 2017, BPCE’s Audit Committee introduced a prior approval procedure,

Statutory Auditors of BPCE 5.9.2

BPCE’s Statutory Auditors are responsible for auditing the individual financial statements of BPCE and the consolidated financial statements of Groupe BPCE and BPCE SA group. At December 31, 2019, the Statutory Auditors were:

PricewaterhouseCoopers Audit 63, rue de Villiers 92208 Neuilly-sur-Seine Cedex

Deloitte & Associés

Mazars

6, place de la Pyramide 92908 Paris-La Défense Cedex

61, rue Henri-Regnault 92075 Paris-La Défense Cedex

PricewaterhouseCoopers Audit (672006483 RCS Nanterre), Deloitte et Associés (572028041 RCS Nanterre) and Mazars (784824153 RCS Nanterre) are registered as Statutory Auditors, members of the Compagnie Régionale des Commissaires aux Comptes de Versailles and under the authority of the Haut Conseil du Commissariat aux Comptes.

to renew the term of PricewaterhouseCoopers Audit for a period of six fiscal years, i.e. until the Ordinary General Shareholders’ Meeting to be held in 2021, convened to approve the financial statements for the year ending December 31, 2020. Nicolas Montillot and Emmanuel Benoist. Substitute: Jean-Baptiste Deschryver, of 63, rue de Villiers, 92208 Neuilly-sur-Seine Cedex, appointed for a period of six fiscal years, i.e. until the Ordinary General Shareholders’ Meeting to be held in 2021, convened to approve the financial statements for the year ending December 31, 2020. PricewaterhouseCoopers Audit is represented by

PRICEWATERHOUSECOOPERS AUDIT

The Annual General Shareholders’ Meeting of BPCE of May 22, 2015, voting under the conditions of quorum and majority applicable to Ordinary General Shareholders’ Meetings, resolved

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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE

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