GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS

Statutory auditors’ report on the consolidated financial statements

detecting a material misstatement due to error, as fraud may involve conspiracy, forgery, deliberate omission, misrepresentation,or non-observanceof internal controls; the statutoryauditor obtainsan understandingof the internalcontrolsof relevance tothe audit in order to designaudit proceduresthat are ● appropriate in thecircumstances,but not to expressan opinion on theeffectiveness of the internal controls; the statutoryauditor assessesthe appropriatenessof the accountingmethodsused and the reasonablenessof the accountingestimates ● made bymanagement, as well as the information concerning them providedin the consolidated financial statements; the statutoryauditorassesseswhetherthe accountingconventionof going concernappliedby the managementis appropriate,according ● to the collective information,whether there is any material uncertaintyrelated to events or circumstanceslikely to call into question the company’sability to continue its operation. This assessment is based on the evidence collected up to the date of its report. However, subsequent circumstances or events could jeopardise the continuity of operations. If the statutory auditor concludes that there is significant uncertainty, it draws the attention of readers of its report to the informationprovided in the consolidatedfinancial statements about this uncertaintyor, if this information isnot providedor is not relevant, it formulates a qualifiedcertification or a refusal to certify; the statutory auditor assesses the overall presentationof the consolidatedfinancial statements and whether they reflect the underlying ● transactions and events so as to give a true and fair view; concerningthe financial informationof the persons or entities included in the scope of consolidation,it collects informationthat it deems ● sufficient and appropriate to express an opinion on the consolidated financial statements. It is responsible for the management, supervision, and execution of the audit of the consolidated financial statements as well as the opinion expressed on these financial statements. Audit and Risk Management Committee We submit to the Audit and Risk Management Committee a report outlining the scope of the audit work and the work programme implemented,as well as the conclusionsof our work. Where appropriate,we also inform it of significantweaknessesof internal control that we identified withrespect to the procedures relating to the preparation and processing ofaccountingand financial information. Among the items disclosed in the report to the Audit and Risk Management Committee are the risks of material misstatement that we considerto have been the most importantfor the audit of the consolidatedfinancialstatementsfor the year and that thereforeconstitutethe key points ofthe audit,which it is our responsibilityto describein this report. We also provide the Audit and Risk ManagementCommitteewith the declarationprovided for in Article 6 of Regulation(EU) no. 537-2014 confirming ourindependence,within themeaningof the rulesapplicablein Franceas laiddown in particularby Articles L.822-10 toL.822-14 of the Frenchcommercialcode and in the code of ethics of the professionof statutoryauditor.Where appropriate,we discusswith the Audit and RiskManagement Committee any risks tour independence and thesafeguardingmeasuresapplied.

Neuilly-sur-Seine and Courbevoie, 27 March 2020

The StatutoryAuditors

PricewaterhouseCoopersAudit Christine Billy

MAZARS Pascal Parant NicolasDusson

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Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES