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DANONE
REGISTRATION DOCUMENT 2015
Corporate Governance
6.4 Internal control and risk management
296
Statutory auditors' report
This is a free translation into English of the Statutory auditors' report issued in the French language and is provided solely for the convenience
of English-speaking readers. This report should be read in conjunction with, and construed in accordance with, French law and professional
auditing standards applicable in France.
Statutory auditors' report prepared in accordance with Article L. 225-235 of the French commercial
code on the report prepared by the Chairman of the Board of Directors of Danone
To the Shareholders,
In our capacity as Statutory auditors of Danone, and in accordance with Article L. 225-235 of the French commercial code, we hereby
report to you on the report prepared by the Chairman of your Company in accordance with Article L. 225-37 of the French commercial
code for the year ended December 31, 2015.
It is the Chairman's responsibility to prepare, and submit to the Board of Directors for approval, a report describing the internal control
and risk management procedures implemented by the Company and providing the other information required by Article L. 225-37 of the
French commercial code, in particular relating to corporate governance.
It is our responsibility:
•
to report to you on the information contained in the Chairman's report on internal control and risk management procedures relating
to the preparation and processing of financial and accounting information;
•
to attest that the report contains the other information required by Article L. 225-37 of the French commercial code, it being specified
that it is not our responsibility to assess the fairness of this information.
We conducted our work in accordance with professional standards applicable in France.
Information concerning the internal control and risk management procedures relating to the preparation
and processing of financial and accounting information
The professional standards require that we perform due diligence procedures to assess the fairness of the information on internal control
and risk management procedures relating to the preparation and processing of financial and accounting information contained in the
Chairman's report. These procedures mainly consist of:
•
obtaining an understanding of the internal control and riskmanagement procedures relating to the preparation and processing of financial
and accounting information on which the information presented in the Chairman's report is based, and of the existing documentation;
•
obtaining an understanding of the work performed to support the information given in the report and of the existing documentation;
•
determining if any material deficiencies in the internal control procedures and in risk management relating to the preparation and
processing of financial and accounting information that we may have identified in the course of our assignment are properly described
in the Chairman's report.
On the basis of our work, we have no observations to make on the information given on internal control and risk management procedures
relating to the preparation and processing of financial and accounting information, set out in the Chairman of the Board's report, prepared
in accordance with Article L. 225-37 of the French commercial code.
Other information
We attest that the Chairman's report contains the other information required by Article L. 225-37 of the French commercial code.
Neuilly-sur-Seine and Paris-La Défense, March 7, 2016
The Statutory auditors
PricewaterhouseCoopers Audit
Ernst & Young et Autres
Anik CHAUMARTIN
Philippe VOGT
Gilles COHEN
Pierre-Henri PAGNON