ourexpertise - Crédit Agricole CIB

PARENT-COMPANY STATEMENTS 5• Your company uses internal models to assess the fair value of certain fi nancial instruments not listed in an active market. Our work entailedreviewing the control system applied to the models used, the underlying assumptions and the methods for taking into account the risksassociated with such instruments.• As a usual part of the process of preparing fi nancial statements, the company’s management has made a number of other accountingestimates relating in particular to the valuation of investments in participating interests and other long-term investments , the measurementof recognised pension liabilities and provisions for legal disputes. We reviewed the assumptions made and verifi ed that these accountingestimates were based on documented methods that complied with the principles described in note 1 to the fi nancial statements.Our assessments were made in the context of our audit of the parent-company fi nancial statements, taken as a whole, and thereforeassisted us in reaching our unqualifi ed opinion as expressed in the fi rst part of this report.III. SPECIFIC PROCEDURES AND DISCLOSURESWe also carried out the specifi c verifi cations required by law, in accordance with professional standards applicable in FranceWe have non comments regarding the fair presentation and consistency with the parent company fi nancial statements of the informationprovided in the Board of Director’s Management Report, and in the documents addressed to the shareholders with respect to the Company’sfi nancial position and the fi nancial statements.We verifi ed the consistency of the information provided pursuant to article L. 225-102-1 of the Code de Commerce pertaining to compensationand benefi ts in kind paid to corporate offi cers and to commitments made to corporate offi cers, with the information containedin the accounts or with the data used to draw up these accounts and, where applicable, with the information collected by your Companyfrom companies that control your Company or are controlled by it. On the basis of our work, we attest to the fairness and accuracy of thisinformation.Neuilly-sur-Seine, March 16, 2011Statutory AuditorsPRICEWATERHOUSECOOPERS AUDITCatherine Pariset et Pierre ClaviéERNST & YOUNG ET AUTRESPierre HurstelSHELF-REGISTRATION DOCUMENT CRÉDIT AGRICOLE CIB 2010 251