There are statutory provisions relating to an auditor’s duties and rights.
There may be other rules relating to a company’s obligations in relation to audit and auditors that apply to a listed company, an AIM company or a company with securities that are listed on the AQSE Main Market, AQSE Growth Market or AQSE Trading (formerly NEX Exchange Main Board, NEX Exchange Growth Market and NEX Exchange Secondary Market), but these are outside the scope of this Practice Note.
An auditor’s duties and rights
Duties of an auditor in relation to preparation of an auditor's report
The function of a company’s auditor is to report (the auditor's report) on the annual accounts of a company. The auditor’s report on the annual accounts must also cover information given in the company's directors’ report, strategic report (if any), the auditable part of directors’ remuneration report (if applicable) and any separate corporate governance statement.
For further information on the need for an auditor's report, including an auditor's duties in relation to its scope, see Practice Notes: The requirement to audit accounts
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