La banque d'un monde qui change 2004 - BNP Paribas

statutory auditorS‘ reportSTATUTORY AUDITORS’ REPORT ONTHE INTERNAL CONTROL REPORT PREPARED BYTHE CHAIRMAN OF THE BOARD OF DIRECTORSStatutory Auditors’ Report, prepared in accordance with the last paragraph of article L. 225-235 of the French Commercial Code,on the report of the Chairman of the Board of Directors of BNP Paribas concerning internal control procedures used for the preparationand processing of accounting and financial information.Year ended 31 December 2004Barbier Frinault & AutresErnst & Young41, rue Ybry92576 Neuilly-sur-Seine CedexPricewaterhouseCoopers Audit32, rue Guersant75017 ParisMazars & GuérardMazarsLe Vinci - 4, allée de l’Arche92075 Paris La DéfenseBNP Paribas16, boulevard des Italiens75009 ParisThis is a free translation into English of the Statutory Auditors’ report issued in the French language and is provided solely for the convenience of Englishspeaking readers. This report should be read in conjunction with, and construed in accordance with, French law and professional auditing standardsapplicable in France.To the shareholders,In our capacity as Statutory Auditors of BNP Paribas and inaccordance with the last paragraph of article L. 225-235 ofthe French Commercial Code, we hereby present our report onthe report prepared by the Chairman of the Board of Directorsof BNP Paribas in accordance with article L. 225-37 of theFrench Commercial Code for the year ended 31 December2004.In his report, the Chairman of the Board of Directors isrequired to report on the preparation and organisation ofthe work carried out by the Board of Directors and the internalcontrol procedures implemented within the company.Our responsibility is to provide you with our comments on theinformation contained in the Chairman’s report concerningthe internal control procedures relating to the preparation andprocessing of accounting and financial information.We performed our work in accordance with the professionalguidelines applicable in France. These require us to performprocedures to assess the fairness of the information set out inthe Chairman’s report on the internal control procedures usedfor the preparation and processing of accounting and financialinformation. These procedures included:- obtaining an understanding of the objectives and thegeneral organisation of the company’s internal controlsand the internal control procedures relating to thepreparation and processing of accounting and financialinformation, as described in the Chairman’s report;- obtaining an understanding of the work performed tosupport the information given in the report.Based on our procedures referred to above, we have nothingto report on the description of the company’s internalcontrol procedures relating to the preparation and processingof accounting and financial information, as described inthe report of the Chairman of the Board of Directors, preparedin accordance with the last paragraph of article L. 225-37of the French Commercial Code.Neuilly-sur-Seine, Paris and La Défense, 25 February 2005The Statutory AuditorsBarbier Frinault & Autres PricewaterhouseCoopers Audit Mazars & GuérardMazarsRadwan Hoteit Étienne Boris Hervé Hélias269BNP PARIBAS - ANNUAL REPORT 2004