ourexpertise - Crédit Agricole CIB

CONSOLIDATED FINANCIAL STATEMENTS 4Accounting estimates• The Group books impairment reserves to cover credit risks which are inherent to its business activities. We have reviewed the arrangementsput in place by management to identify and evaluate these risks and to determine the amount of impairment it considers necessary,and we have verifi ed that these accounting estimates were based on documented methods that complied with the principles describedin note 1.3 to the consolidated fi nancial statements.• As stated in note 1.3 and 10.2 to the fi nancial statements, your Group uses internal models to assess the fair value of certain fi nancialinstruments not listed in an active market. Our work entailed reviewing the control system applied to the models used, the underlyingassumptions and the methods for taking into account the risks associated with such instruments.• As stated in note 1.3 to the fi nancial statements, your Group has made estimates in order to take into account changes in its own creditrisk into the measurement of debt issues recognised at fair value through profi t and loss. We have verifi ed that the parameters used forthis purpose were appropriate.• As stated in note 1.3 and 2.5 to the fi nancial statements, your Group carried out impairment tests on goodwill. We have reviewed thecondition of implementation of these tests as well as the main parameters and assumptions used and we have satisfi ed ourselves thatthe presentation in the notes to the fi nancial statements is appropriate.• The Group has made a number of other accounting estimates as explained in note 1.3 to the consolidated fi nancial statements, notably regardingthe valuation and impairment of non-consolidated equity securities, the pension provision and future employee benefi ts, reservesfor operational risks, reserves for legal risks and deferred tax assets. Our work consisted of examining the methods and assumptions usedand verifying that the resulting accounting estimates are based on documented methods in accordance with the principles described innote 1.3. to the fi nancial statements.Our assessments were made, taken as a whole, and therefore assisted us in reaching our unqualifi ed opinion as expressed in the fi rst partof this report.SPECIFIC VERIFICATIONWe also carried out, in accordance with professional standards applicable in France, the specifi c verifi cation, required by law, of informationrelating to the Group in the management report.We are satisfi ed that the information is fairly stated and agrees with the consolidated fi nancial statements.Neuilly-sur-Seine, March 16, 2011Statutory AuditorsPRICEWATERHOUSECOOPERS AUDITCatherine Pariset et Pierre ClaviéERNST & YOUNG ET AUTRESPierre HurstelSHELF-REGISTRATION DOCUMENT CRÉDIT AGRICOLE CIB 2010 213