Annual Report 2017

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1. Overview
4. Financial statements
3.
Management report
2. Business review
Rothschild & Co | Annual Report 2017 195
Verification of the Management report
and of the other documents provided
to Shareholders
We have also performed, in accordance with professional standards
applicable in France, the specific verifications required by French Law.
We have no matters to report as to the fair presentation and the consistency
with the financial statements of the information given in the management
report of the Managing partner and in the other documents provided to
Shareholders with respect to the financial position and the financial
statements.
We certify that the report of the Supervisory Board on corporate governance
contains the information required by Articles L.225-37-3 and L.225-37-4 of
the French Code de commerce.
Concerning the information given in accordance with the requirements of
Article L. 225-37-3 of the French Commercial Code (Code de commerce)
relating to remuneration and benefits received by the directors and any
other commitments made in their favour, we have verified its consistency
with the financial statements, or with the underlying information used
to prepare these financial statements and, where applicable, with the
information obtained by your company from controlling and controlled
companies. Based on this work, we attest the accuracy and fair
presentation of this information.
Regarding the information relating to items that your Company has
considered likely to have an impact in the event of a takeover or exchange
offer, provided pursuant to the provisions of Article L.225-37-5 of the French
code de commerce, we verified their compliance with the documents from
which they came and which were communicated to us. On the basis of this
work, we have no comments to make on this information.
In accordance with French law, we have verified that the required
information concerning the purchase of investments and controlling
interests and the identity of the shareholders and holders of the voting
rights has been properly disclosed in the management report.
Report on other legal and regulatory
requirements
Appointment of the statutory auditors
We were appointed as statutory auditors of Rothschild & Co by the General
Meeting held on 29 September 2005 for KPMG and on 24 June 2003 for
Cailliau Dedouit et Associés.
As at 31 December 2017, KPMG S.A. and Cailliau Dedouit et Associés
were in the 13th year and 15th year of total uninterrupted engagement,
of which 13 and 15 years respectively since securities of the Company
were admitted to trading on a regulated market, respectively.
Responsibilities of Management and
those charged with governance for the
Financial Statements
Management is responsible for the preparation and fair presentation of
the financial statements in accordance with French accounting principles
and for such internal control as management determines is necessary to
enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, management is responsible for
assessing the Company’s ability to continue as a going concern, disclosing,
as applicable, matters related to going concern and using the going concern
basis of accounting unless it is expected to liquidate the Company or to
cease operations.
The Audit Committee is responsible for monitoring the financial reporting
process and the effectiveness of internal control and risks management
systems and where applicable, its internal audit, regarding the accounting
and financial reporting procedures.
The financial statements were approved by Management.
Statutory Auditors’ Responsibilities for the
Audit of the Financial Statements
Objectives and audit approach
Our role is to issue a report on the financial statements. Our objective is
to obtain reasonable assurance about whether the financial statements
as a whole are free from material misstatement. Reasonable assurance
is a high level of assurance, but is not a guarantee that an audit conducted
in accordance with professional standards will always detect a material
misstatement when it exists. Misstatements can arise from fraud or error
and are considered material if, individually or in the aggregate, they could
reasonably be expected to influence the economic decisions of users taken
on the basis of these financial statements.
As specified in Article L.823-10-1 of the French Commercial Code (Code de
commerce), our statutory audit does not include assurance on the viability
of the Company or the quality of management of the affairs of the Company.