Paris (AFP)
Magistrate Florence Peybernes, Emmanuel Macron's candidate for the presidency of the High Council of the Auditors (H3C), will take the head of this regulatory body after seeing her appointment approved Wednesday by committees of both chambers of parliament.
First president of the Orléans Court of Appeal and advisor to the Court of Cassation, Ms. Peybernes defended before parliamentarians the French-style professional practice standard (NEP), which is "shorter and more precise" than the Anglo ISA standard. -saxonne, according to her.
She also praised the merits of the co-commission, which often associates a large firm with a smaller firm and thus makes it "more difficult for the accounts to not reflect reality", arguing that an accounting scandal like that of Wirecard in Germany could not have happened in France.
And this despite the case of the faked accounts of "Mamie Cassoulet", in which the Mazars cabinet was prohibited from exercising for one year the function of auditor and 400,000 euros fine for breaches in the audit of Financière Turenne Lafayette, parent company of William Saurin.
In France, the account certification market is much less concentrated than in the United Kingdom, the Netherlands or Germany, said the magistrate.
The H3C, whose staff is made up of around sixty people, is financed through a percentage of the turnover achieved by the statutory auditors on their company audit assignments.
It recorded a deficit of 1.5 million euros in 2019, which is expected to reach 1.7 million in 2020.
Since the European audit reform has been entrusted with maintaining the list of some 18,000 statutory auditors in France, the H3C will no longer delegate this mission to the National Company of Auditors, which represents the profession, which should enable it to 'save 700,000 euros this year, according to Ms. Peybernes.
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