pEN OFF THE AUDITOR’S REPORT S676(1) S727(1)(b) S727(2)(a) S727(2)(b) S727(3)(a)(i) S727(3)(a)(ii) S727(3)(a)(iii) S727(3)(a)(iii) S727(3)(b) S727(5)(a) S727(5)(b) S727(6)(a) S727(6)(b) S727(7)(a) S727(7)(b) S728 S729(1)(a) S729(1)(b) S730(2)(a) S730(2)(b) S730(2)(c) S730(3) S735(1)(a) S735(1)(b) S735(2) (1) When publishing its statutory financial statement, a company shall enclose with or annex to the statement a copy of ’ the auditor’s report on that financial statement. (1) An auditor shall make a report to the members of the company on all annual financial statements of the company of which copies are, during the auditor’s tenure of office: (b) in the case of a public company—to be presented at a general meeting of the company. (2) The auditor shall include in the auditor’s report: (a) an introduction identifying the annual financial statement that is the subject of the audit and the financial reporting framework that has been applied in its preparation; and (b) a description of the scope of the audit identifying the auditing standards in accordance with which the audit was conducted. (3) The auditor shall clearly state in the report whether, in the auditor´s opinion, the annual financial statement: (a) gives a true and fair view of—(i) in the case of an individual balance sheet: of the financial position of the company as at the end of the relevant financial year; (ii) in the case of an individual profit and loss account: of the profit or loss of the company for the financial year; and (iii) in the case of a group financial statements: of the financial position as at the end of the financial year and of the profit or loss for the financial year of the undertakings to which the statements relate, taken as a whole, so far as concerns members of the company; (3) The auditor shall clearly state in the report whether, in the auditor´s opinion, the annual financial statement: (b) has been properly prepared in accordance with the relevant financial reporting framework; (5) The auditor shall, in the case of a group financial statement, clearly state in the report whether, in the auditor’s opinion: (a) the consolidated balance sheet gives a true and fair view of the financial position of the undertakings to which the statement relates, taken as a whole, as at the end of the relevant financial year; and (b) the consolidated profit or loss account gives a true and fair view of the profit and loss of those undertakings, taken as a whole, for that financial year. (6) The auditor shall, in the case of an individual financial statement or a group financial statement, also clearly state in the report whether, in the auditor’s opinion, the statement: (a) has been properly prepared in accordance with the relevant financial reporting framework; and (b) has been prepared in accordance with the requirements of this Act (including the prescribed accounting standards). (7) The auditor shall: (a) state in the report whether the report is unqualified or qualified; and (b) include in the report a reference to any matters to which the auditor wishes to draw attention without qualifying the report. (b) include in the report a reference to any matters to which the auditor wishes to draw attention without qualifying the report. The auditor shall state in the auditor’s report on the company’s annual financial statement whether in the auditor’s opinion the information given in the directors’ report for the financial year for which the financial statement is prepared is consistent with that statement. (1) In reporting on the annual financial statement of a quoted company, the auditor shall: (a) report to the company’s members on the auditable part of the directors’ remuneration report; and (b) state whether in the auditor’s opinion that part of the directors’ remuneration report has been properly prepared in accordance with this Act. (2) If, in reporting on the annual financial statement of a company, the company’s auditor forms the opinion: (a) that the company has not kept adequate accounting records, or that returns adequate for their audit have not been received from the company’s branches not visited by that auditor; (b) that the company´s individual financial statement is not in agreement with the company’s accounting records and returns; or (c) in the case of a quoted company: that the auditable part of its directors’ remuneration report is not in agreement with those accounting records and returns, the auditor shall state that opinion in the report. (3) If the auditor fails to obtain all the information and explanations that, to the best of the auditor’s knowledge and belief, are necessary for the purposes of the audit, the auditor shall state that fact in the report. (1) Subject to subsection (2), an auditor shall: (a) sign and date the auditor’s report; and (b) ensure that the auditor’s name is prominently displayed in the report. (2) If the auditor is a firm, the senior statutory auditor of the firm shall sign the report on behalf of the firm. 72 MAY - JUNE 2018
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