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Governance and Internal control
2012
181
2 AUDITOR’S REPORT PREPARED PURSUANT TO ARTICLE
L.225-235 OF THE FRENCH COMMERCIAL CODE, ON THE
REPORT OF THE CHAIRMAN OF THE BOARD OF
DIRECTORS OF UBISOFT ENTERTAINMENT SA
This is a free translation into English of the statutory auditors’ report issued in French prepared in
accordance with Article L.225-235 of French company law on the report prepared by the Chairman of
the Board of Directors on the internal control procedures relating to the preparation and processing of
accounting and financial information issued in French and is provided solely for the convenience of
English speaking users.
This report should be read in conjunction and construed in accordance with French law and
professional auditing standards applicable in France.
Dear Shareholders,
In our capacity as auditors of Ubisoft Entertainment SA and pursuant to the provisions of Article
L. 225-235 of the French Commercial Code, we hereby present our report on the report prepared by
the Chairman of your company in accordance with the provisions of Article L. 225-37 of the French
Commercial Code for the fiscal year ended March 31, 2011.
The chairman is required to draw up and submit to the approval of the Board of Directors a report
describing internal audit procedures and risk management implemented at the company and giving
the other information required by the Article L.225-37 of the French Commercial Code relating in
particular to the device as regards of corporate governance.
Our task is:
- to offer our observations in response to the information provided in the Chairman’s report regarding
the internal audit procedures and risks management used to prepare and process accounting and
financial information, and
- to attest that the report comprises the other information required by the Article L.225-37 of the
French Commercial Code, being specified that our task is not to verify the sincerity of this other
information.
We have carried out our work in accordance with accepted professional standards in France.
Information concerning internal audit procedures and risk management used to prepare and
process accounting and financial information
The professional standards require due diligence in order to assess the accuracy of the information
concerning internal audit procedures and risk management used to prepare and process accounting
and financial information included in the Chairman’s report. Specifically, this due diligence includes:
- Acquiring an understanding of internal control procedures and risk management used to prepare and
process accounting and financial information underlying the information presented in the Chairman’s
report as well as existing documentation.
- Acquiring an understanding of the work which allowed to draw up these information and existing
documentation.
- Determine if, in the case we would find during our mission important deficiencies of internal control
used to prepare and process accounting and financial, were appropriateness mentioned in the
Chairman’s report.