Paris, France – April one, 2021
Subsequent the conference of the Board of Directors held on March 31, 2021, Atos confirms nowadays that its future Annual Typical Conference will be held on May twelve, 2021 guiding closed doors.
With regards to the approval by the shareholders at the Annual Typical Conference of the consolidated financial statements of the Corporation for the calendar year ended December 31, 2020, the statutory auditors issued nowadays a competent feeling due to a limitation of scope as to two US authorized entities symbolizing 11% of 2020 consolidated revenue that demand more diligences.
For the sake of clarity, apart from for the qualification down below, the Group consolidated financial statements are audited and the financial statements produced on February eighteen, 2021 are unchanged. As of nowadays, the Group has not identified misstatements on the two US entities that are material for the consolidated financial statements.
The text of the qualification is as follows:
As part of our audit, we have identified in two US entities (Atos IT Remedies and Products and services Inc. and Atos IT Outsourcing Products and services LLC) a number of matters relating to internal regulate weaknesses around financial reporting course of action and revenue recognition in accordance with IFRS 15 primary to a number of accounting faults, as effectively as chance of override of controls in this respect.
The turnover and the running margin of people two entities represent about 11% of consolidated turnover and about 9% of consolidated running margin.
As a consequence of the problem described above, the Group management employed exterior corporations to complete more performs to acquire the required evidence that the financial reporting of these US entities is cost-free of material misstatements and an impartial forensic investigation.
Even with the more audit treatments that we have carried out in people situations, we were being not able to complete within the timeframe the required work to acquire enough appropriate audit evidence in respect of revenue recognition or other connected account balances of these two US entities and on the absence of material misstatements for the consolidated financial statements.
Atos is dedicated to the best standards and the Group is strongly boosting its preventive controls and processes by a complete motion program.
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Gilles Arditti – +33 six 11 sixty nine eighty one 74 – [email protected]
Anette Rey – +33 six sixty nine seventy nine eighty four 88 – [email protected]
Atos is a international chief in electronic transformation with a hundred and five,000 personnel and annual revenue of around € 11 billion. European quantity just one in cybersecurity, cloud and significant functionality computing, the Group provides personalized conclude-to-conclude solutions for all industries in 71 international locations. A pioneer in decarbonization products and services and products and solutions, Atos is dedicated to a secure and decarbonized electronic for its consumers. Atos operates underneath the brand names Atos and Atos|Syntel. Atos is a SE (Societas Europaea), stated on the CAC40 Paris inventory index.
The purpose of Atos is to assist layout the future of the facts place. Its knowledge and products and services aid the development of knowledge, training and study in a multicultural technique and add to the development of scientific and technological excellence. Throughout the planet, the Group permits its customers and personnel, and associates of societies at significant to live, work and create sustainably, in a safe and sound and secure facts place.
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