GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS

Statutory auditors’ report on the consolidated financial statements

SPECIFIC VERIFICATIONS

In accordancewith the professionalstandardsapplicable in France, we also conductedthe specific verificationsrequired by the applicable laws and regulationsof the group informationpresented in the managementreport of the Board of Directors approvedon 12 March 2020. With regard to events occurring and items learned after the reporting date relating to the effects of the COVID-19 crisis, management informed us that they will be communicated to he general meeting convened to approve the financial statements. We have no matters to report asto its fair presentationand itsconsistency with the consolidated financial statements.

INFORMATION RESULTING FROM OTHER LEGAL AND REGULATORY REQUIREMENTS

Designation of the statutory auditors We were appointed statutory auditors of CAISSE NATIONALEDE RÉASSURANCEMUTUELLE AGRICOLE GROUPAMAby the general meeting of 25 June 1999 for PricewaterhouseCoopers Audit and 12 September 2000 for Mazars. At 31 December 2019,PricewaterhouseCoopersAudit was in the 21 th  year of its mission without interruption, and Mazars was in its 20 th  year. RESPONSIBILITIES OF MANAGEMENT AND MEMBERS OF THE CORPORATE GOVERNANCE BODY CONCERNING THE CONSOLIDATED FINANCIAL STATEMENTS Management is responsible for preparing consolidated financial statements presenting a true and fair view in accordance with IFRS as adopted in the EuropeanUnion and implementingthe internal controls that it deems necessaryfor the preparationof consolidatedfinancial statements free of any material misstatements, whether they due to fraudor error. In connectionwith the preparationof the consolidatedfinancial statements,Managementis responsiblefor assessingthe company’sability to continue its operations; providing informationon matters relating to the continued operations, where this is relevant; and for preparing financial statements based on a going concern basis, unlessManagement intends to wind up the company or discontinue operations. The Audit and Risk ManagementCommitteeis responsiblefor followingthe processof preparingfinancial informationand for monitoringthe effectivenessof internal control and risk managementsystems, as well as, where applicable, internal auditing, as regards the procedures

relating to the preparation and processing of accounting andfinancial information. These consolidated financial statements have been approved by the Boardof Directors.

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

Audit objective and approach It is our responsibility to prepare a report on the consolidated financial statements. Our goal is to obtain reasonable assurance that the consolidated financial statements taken as a whole do not contain any material misstatements.Reasonable assurance is a high level of assurance but is not a guarantee that an audit performed in accordancewith the professional auditing standards will always detect any material misstatement.Misstatementsmay arise as a result of fraud or error and must be regardedas being material if it can reasonablybe expectedthat they, individuallyor in the aggregate,will affect the financial decisionsmade by users of the financial statementson the basis of the financial statements. As specified by Article L.823-10-1of the French commercial code, our role of certifying the financial statements is not to guarantee the viability or thequality 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 statutory auditor identifies and assessesthe risks that the consolidatedfinancial statementscontainmaterial misstatements,whether ● due to fraud or error, and defines and implements audit procedures for such risks and collects evidence considered sufficient and appropriateto serve as the basis of its opinion.The risk of not detectinga materialmisstatementdue to fraud is higher than the risk of not

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Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES