When do you need a conversion auditor?

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A conversion auditor is required in the following cases:

• Change of legal form: where a company decides to change its legal form, for example converting from a SARL (French private limited company) to a SA (French public limited company), or altering other aspects of its legal structure.

• Significant changes to the structure or corporate purpose: where substantial changes affect the company's structure or its objet social (corporate purpose) and need external validation to confirm they comply.

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Role of the conversion auditor: confirming the changes are compliant and properly founded

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The conversion auditor performs several key functions:

• Checking the procedure is properly followed: the auditor examines each stage of the conversion to confirm it meets legal and regulatory requirements.

• Validating the new articles of association: the auditor reviews the company's new articles to check they comply with the law in force and fit the company's objectives.

• Protecting shareholders and third parties: the auditor ensures the interests of shareholders and third parties are preserved through the conversion, keeping the process transparent and fair.

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How the engagement runs: rigorous expertise in service of legality

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The conversion auditor works to a methodical process:

• Detailed review of the legal documentation: the auditor goes through every document relating to the conversion, including the articles of association and management reports, to confirm they meet legal requirements.

• Issuing a detailed report: the auditor writes a detailed report setting out their conclusions on whether the conversion procedure complies and whether the new articles are consistent with the law.

• Presenting the conclusions: the auditor presents those conclusions to the company's decision-making bodies and to the competent authorities.

• Final validation of the conversion: once the report has been approved by the parties involved and the competent authorities, the conversion can be completed.

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The conversion auditor's report: the document that validates the changes

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The conversion auditor's report is central to the process. It sets out the auditor's conclusions and recommendations on whether the conversion procedure complies and whether the new articles of association are lawful. It is the reference document for the company's decision-making bodies and for the competent authorities when the conversion is finally validated.

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In short, the conversion auditor is what makes a change of legal form lawful, transparent and properly founded. Rigorous, independent expertise protects the interests of shareholders and third parties while keeping the company within legal and regulatory requirements. Appointing a conversion auditor such as GME Audit gives you the assurance of quality and reliability you need to see your conversion through.