French Commercial code
In forceI. - Where a public interest entity appoints a single auditor, the single auditor may not certify the accounts of the public interest entity for a period exceeding ten years.
However, at the end of that period, the single auditor may be appointed for a further term of office of six financial years, provided that the conditions set out in paragraphs 2 to 5 of Article 16 of Regulation (EU) No 537/2014 of 16 April 2014 are met.
II. - The term of office provided for in the first paragraph of I may be extended to a maximum of twenty-four years where, at the end of that period, the public interest entity, voluntarily or pursuant to a legal obligation, uses several statutory auditors, under the conditions provided for in Article 17(4)(b) of Regulation (EU) No 537/2014, provided that they submit a joint report on the certification of the accounts.
III. - At the end of the terms of office referred to in I and II, the Haut conseil du commissariat aux comptes may, exceptionally and if the conditions defined in paragraph 6 of Article 17 of Regulation (EU) No 537/2014 are met, authorise the public interest entity which so requests to extend the term of office of the statutory auditor for a further period which may not exceed two years.
IV. - The statutory auditor or, where applicable, a member of his network within the European Union may not accept a mandate with the public interest entity whose accounts he has audited before the expiry of a period of four years following the end of his mandate.
V. - For the purposes of this Article the duration of the mandate shall be calculated in accordance with the requirements of Article 17 of the aforementioned Regulation (EU) No 537/2014. Any statutory auditor may refer a question relating to the determination of the starting date of the initial term of office to the High Council.
