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commissaire aux apports

English translation: auditor, audit commissioner

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:commissionaire aux apports
English translation:auditor, audit commissioner
Entered by: Philip Freyder
Options:
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- Include in personal glossary

07:53 Apr 1, 2001
French to English translations [PRO]
Bus/Financial
French term or phrase: commissaire aux apports
The context is the creation of a subsidiary company to manage real estate currently held by two companies which are members of the same industrial group. Their aim is to create a "société en nom collectif (pas de recours au commissaire aux apports)." I would guess this is a tax official--perhaps a commissioner or inspector for goods (real property assets) contributed.
Philip Freyder
Spain
Local time: 09:00
auditor, audit commissioner
Explanation:
Here’s what the « commissaire aux apports » usually does (according to the GDT) which matches up to the information you provide. In the UK, this type of function would be placed in the hands of a qualified accountant, more specifically to one whose professional qualification (with practising certificate issued by member of statutory body) would entitle him to audit company accounts and by virtue of which he can act as “auditor”.

I would recommend that you use the term “auditor” as it is indicates the right to exercise a particular function. Indeed, not all qualified accountants are qualified to act as auditors, although I think I am right in saying that all auditors are professionally qualified accountants. They are appointed under statutory powers conferred upon company directors etc., and/or courts.

There are also official state appointments : District Auditors, formerly civil servants, officials of the Audit Commission but who can now also be appointed from approved private independent firms. This may be an extra feather in the cap for an auditor who carries out both functions. Your precise term will depend on the country of your target reader. Perhaps "audit commissioner" or something similar might work.

UK bodies concerned are the Chartered Association of Certified Accountants (ACCA : www.acca.co.uk ), the Institute of Chartered Accountants in England and Wales (ICAEW : www.icaew.co.uk ). These were the two principal organisations when I worked in the field. Perhaps others now have the same entitlement. In the US I believe one of the equivalent qualifications to be handled by the American Institute of Certified Public Accountants (www.aicpa.org ).

appellation d'emploi 1 / 2

commissaire aux apports n.

Note :La valeur des apports en nature réalisés à l'occasion de la constitution d'une société doit être vérifiée par un ou plusieurs commissaires aux apports qui ont pour mission, sous leur responsabilité, de les apprécier. Sont également soumis à vérification du commissaire aux apports, les apports réalisés à l'occasion d'une augmentation de capital, d'une fusion, d'une scission ou d'un apport partiel d'actif. Cette procédure est destinée à éviter des abus qui résulteraient d'une surévaluation des apports entraînant la non-libération du capital souscrit, abus qui seraient préjudiciables aux actionnaires, notamment aux associés apporteurs d'espèces. Dans les sociétés par actions, les commissaires aux apports sont désignés par le président du tribunal de commerce, parmi les commissaires aux comptes inscrits sur la liste prévue à l'article 219 de la loi sur les sociétés commerciales, ou parmi les experts inscrits sur l'une des listes établies par les cours et tribunaux.

appellation d'emploi 2 / 2

commissaire aux apports n.

Déf. :Personne chargée dans les sociétés par actions et les S.A.R.L. d'apprécier, sous sa responsabilité, la valeur des apports en nature effectués par un associé, lors de la constitution de la société ou de l'augmentation de son capital, et des avantages particuliers qui peuvent être consentis à un associé ou à un non-associé par la société, en contrepartie des services rendus à l'occasion de ces opérations. Ces commissaires aux apports sont en principe désignés par les associés à l'unanimité dans la S.A.R.L. et par le Président du tribunal de commerce dans les autres cas.

Selected response from:

Nikki Scott-Despaigne
Local time: 09:00
Grading comment
Thanks for another fully documented and timely response. If I'd been able to get onto the GDT website
this morning, I could've saved you the effort. Unfortunately, the GDT server wasn't responding.

Phil Freyder / Madrid
4 KudoZ points were awarded for this answer

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Summary of answers provided
na +1auditor, audit commissioner
Nikki Scott-Despaigne
naproperty stock managerDawn Cuccinello-Cruz
nacertified public accountantBarnaby Capel-Dunn


  

Answers


36 mins
certified public accountant


Explanation:
This is the exact translation given in the dictionary. It is the "term used ot designate the independent or external auditor appointed ot examine and to report on corporate financial statements.

Any good?

Barnaby Capel-Dunn
Local time: 09:00
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 42
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46 mins
property stock manager


Explanation:
commissaire means, "member of a commission; commissioner; manager, steward, trustee; purser." apport is property which was, one way or other, purchased through the stock market.


    Cassell's French Dictionary
Dawn Cuccinello-Cruz
PRO pts in pair: 5
Login to enter a peer comment (or grade)

1 hr peer agreement (net): +1
auditor, audit commissioner


Explanation:
Here’s what the « commissaire aux apports » usually does (according to the GDT) which matches up to the information you provide. In the UK, this type of function would be placed in the hands of a qualified accountant, more specifically to one whose professional qualification (with practising certificate issued by member of statutory body) would entitle him to audit company accounts and by virtue of which he can act as “auditor”.

I would recommend that you use the term “auditor” as it is indicates the right to exercise a particular function. Indeed, not all qualified accountants are qualified to act as auditors, although I think I am right in saying that all auditors are professionally qualified accountants. They are appointed under statutory powers conferred upon company directors etc., and/or courts.

There are also official state appointments : District Auditors, formerly civil servants, officials of the Audit Commission but who can now also be appointed from approved private independent firms. This may be an extra feather in the cap for an auditor who carries out both functions. Your precise term will depend on the country of your target reader. Perhaps "audit commissioner" or something similar might work.

UK bodies concerned are the Chartered Association of Certified Accountants (ACCA : www.acca.co.uk ), the Institute of Chartered Accountants in England and Wales (ICAEW : www.icaew.co.uk ). These were the two principal organisations when I worked in the field. Perhaps others now have the same entitlement. In the US I believe one of the equivalent qualifications to be handled by the American Institute of Certified Public Accountants (www.aicpa.org ).

appellation d'emploi 1 / 2

commissaire aux apports n.

Note :La valeur des apports en nature réalisés à l'occasion de la constitution d'une société doit être vérifiée par un ou plusieurs commissaires aux apports qui ont pour mission, sous leur responsabilité, de les apprécier. Sont également soumis à vérification du commissaire aux apports, les apports réalisés à l'occasion d'une augmentation de capital, d'une fusion, d'une scission ou d'un apport partiel d'actif. Cette procédure est destinée à éviter des abus qui résulteraient d'une surévaluation des apports entraînant la non-libération du capital souscrit, abus qui seraient préjudiciables aux actionnaires, notamment aux associés apporteurs d'espèces. Dans les sociétés par actions, les commissaires aux apports sont désignés par le président du tribunal de commerce, parmi les commissaires aux comptes inscrits sur la liste prévue à l'article 219 de la loi sur les sociétés commerciales, ou parmi les experts inscrits sur l'une des listes établies par les cours et tribunaux.

appellation d'emploi 2 / 2

commissaire aux apports n.

Déf. :Personne chargée dans les sociétés par actions et les S.A.R.L. d'apprécier, sous sa responsabilité, la valeur des apports en nature effectués par un associé, lors de la constitution de la société ou de l'augmentation de son capital, et des avantages particuliers qui peuvent être consentis à un associé ou à un non-associé par la société, en contrepartie des services rendus à l'occasion de ces opérations. Ces commissaires aux apports sont en principe désignés par les associés à l'unanimité dans la S.A.R.L. et par le Président du tribunal de commerce dans les autres cas.




    www.granddictionnaire.com (for definition)
    webrefs professional bodies UK a US in body of answer
Nikki Scott-Despaigne
Local time: 09:00
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 4431
Grading comment
Thanks for another fully documented and timely response. If I'd been able to get onto the GDT website
this morning, I could've saved you the effort. Unfortunately, the GDT server wasn't responding.

Phil Freyder / Madrid

Peer comments on this answer (and responses from the answerer)
agree  Yolanda Broad: Just what I needed!
1942 days

neutral  Colin Smith: I think one has to clarify that this particular role is that of an "expert" engaged (in French company law) to evaluate contributions of assets to a new or restructured company.
2389 days

neutral  ma1cius: As suggested by Colin Smith, I think it necessary to state what the auditor is auditing. My suggestion is "contributions auditor" or "contributions assessor"
2685 days
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