GROUPAMA / 2018 Registration document

FINANCIAL STATEMENTS STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS

RESPONSIBILITIES OF THE STATUTORY AUDITORS RELATING TO THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS

Audit objective and approach It is our responsibility to preparea reporton the consolidated financialstatements.Ourgoal is to obtainreasonableassurance thatthe consolidated financialstatementstakenas a wholedo not containany materialmisstatements.Reasonableassurance is a high level of assurancebut is not a guarantee that an audit performed in accordancewith the professionalauditing standards will always detect any material misstatement. Misstatementsmayariseas a resultof fraudor errorandmustbe regardedas beingmaterialif it canreasonablybe expectedthatthey,individually or in the aggregate, willaffectthefinancialdecisions made by users of the financial statementson the basisof thefinancialstatements. As specifiedby ArticleL. 823-10-1of the FrenchCommercialCode,our roleof certifyingthe financialstatements is not to guaranteethe viabilityor the quality of the management of your Company. As part of an audit performed in accordance with the professional auditing standards applicable in France, the statutory auditor uses professional judgement throughout this audit. In addition: the statutoryauditoridentifiesand assessesthe risksthat the consolidated financialstatementscontainmaterialmisstatements,whetherdue to ❯ fraudor error,and definesand implementsauditprocedures for suchrisksand collectsevidenceconsideredsufficientand appropriate to serve as the basis of its opinion.The risk of not detectinga materialmisstatementdue to fraud is higherthan the risk of not detectinga material misstatementdue to error, as fraud may involve conspiracy,forgery, deliberateomission,misrepresentation, or non-observanceof internal controls; the statutory auditor obtains an understandingof the internal controls of relevance to the audit in order to design audit proceduresthat ❯ are appropriatein the circumstances, but not to express an opinion onthe effectivenessof the internalcontrols; the statutory auditor assesses the appropriateness of the accounting methods used and the reasonableness of the accounting ❯ estimates madeby management, aswell as the information concerning them providedin the consolidatedfinancial statements; the statutoryauditorassesseswhetherthe accountingconventionof goingconcernappliedby themanagement is appropriate,accordingto the ❯ collective information,whetherthereis anymaterialuncertainty relatedto eventsor circumstances likelyto call intoquestiontheCompany’sability to continue its operation.Thisassessment is basedon theevidencecollectedup to thedateof its report.However,subsequentcircumstances or eventscouldjeopardise thecontinuityof operations. If thestatutoryauditorconcludes thatthereis significantuncertainty, it drawstheattentionof readersof its report to the informationprovidedin the consolidatedfinancialstatementsabout this uncertaintyor, if this informationis not providedor is not relevant, it formulates a qualified certification ora refusalto certify; the statutory auditor assesses the overall presentationof the consolidatedfinancial statements and whether they reflect the underlying ❯ transactionsand events soas to give a true and fair view; concerning the financialinformationof thepersonsor entitiesincluded in thescopeof consolidation, it collectsinformation that it deemssufficient ❯ andappropriate to expressan opinionon the consolidated financialstatements. It is responsible for themanagement, supervision,andexecution of theaudit of the consolidated financial statementsaswell as the opinion expressed on these financial statements. Audit and Risk Management Committee We submitto the AuditandRiskManagementCommitteea reportoutliningthe scopeof the auditworkandtheworkprogramme implemented, as wellas the conclusionsof ourwork.Whereappropriate,we also informit of significantweaknessesof internalcontrolthatwe identifiedwithrespect to theprocedures relating to the preparation and processing of accounting and financial information. Amongthe itemsdisclosed in the reportto the AuditandRiskManagementCommitteeare the risksof materialmisstatementhat we considerto havebeenthe most importantfor the auditof the consolidated financialstatements for the yearand that thereforeconstitutethe key pointsof the audit, which it is ourresponsibility to describein thisreport. WealsoprovidetheAuditandRiskManagementCommitteewiththedeclarationprovidedfor in Article 6of Regulation (EU)no 537-2014 confirming our independence,withinthe meaningof the rulesapplicable in Franceas laid downin particularby ArticlesL. 822-10to L. 822-14of the French CommercialCode and in the Code of Ethics of the professionof statutoryauditor.Where appropriate,we discusswith the Audit and Risk Management Committee any risksto ourindependence and thesafeguarding measures applied. Neuilly-sur-Seineand Courbevoie,25 March 2019

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The statutory auditors

PricewaterhouseCoopers Audit

Mazars

Christine Billy

Pascal Parant

Nicolas Dusson

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REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES