Article 354 — Liability of Auditors

1/ Auditors shall be civilly liable to the company, shareholders and third parties for any fault in the exercise of their duties which occasioned damage. 2/ An Auditor who intentionally gives or confirms an untrue report concerning the position of a company or fails to inform the relevant authority of a criminal offence which he knows to have been committed or divulges professional secret shall be punishable in accordance with the relevant criminal law. 3/ An Auditor shall be liable for damage caused to the company, shareholders and third parties owing to cessation of his duties in breach of conditions provided under the law or agreement.