French Commercial code
In forceThe duties of a statutory auditor are incompatible:
1° With any activity or any act likely to undermine its independence;
2° With any salaried employment; however, a statutory auditor may provide teaching relating to the practice of his profession or hold a paid job with a statutory auditor or a certified public accountant ;
3° With any commercial activity, whether exercised directly or through an intermediary, with the exception of, on the one hand, commercial activities ancillary to the profession of chartered accountant, exercised in compliance with the rules of ethics and independence of chartered accountants and under the conditions set out in the third paragraph of article 22 of order no. 45-2138 of 19 September 1945 establishing the Ordre des Experts Comptables and regulating the title and profession of chartered accountant and, on the other hand, ancillary commercial activities carried out by the multi-professional practice company under the conditions provided for in article 31-5 of law no. 90-1258 of 31 December 1990 relating to the practice in the form of companies of liberal professions subject to a legislative or regulatory statute or whose title is protected and to companies for the financial participation of liberal professions
