The following Corporate practice note provides comprehensive and up to date legal information covering:
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.
The UK audit regime may be affected by Brexit. For further details of its impact, see Brexit—statutory audit.
For information on the various emergency measures relating to financial reporting and audit implemented by the relevant regulatory authorities as a result of the coronavirus pandemic see Practice Note: Coronavirus (COVID-19)—impact on annual accounts and reports. For quick links to the key legislative and regulatory measures see Coronavirus (COVID-19)—impact on financial reporting and audit in Practice Note: Audit legislation and consultations tracker.
For broader information on the key issues that may arise for Corporate practitioners in relation to the coronavirus (COVID-19) pandemic see Practice Note: Coronavirus (COVID-19)—key issues for Corporate lawyers.
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
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
This Practice Note provides guidance on the interpretation and application of the relevant provisions of the CPR. Depending on the court in which your matter is proceeding, you may also need to be mindful of additional provisions—see further below.You should also consider if the proceedings will be
Commercial Property Standard Enquiries (CPSEs) are industry standard pre-contract enquiries used in commercial property transactions. CPSEs are endorsed by the British Property Federation and are free to use. The CPSEs include specific environmental enquiries at enquiry 15 and there are several
Coronavirus (COVID-19): During the current pandemic, legislation and changes to practice and procedure in the courts and tribunals have been introduced, which affect the following:•proceedings for possession•forfeiture of business leases on the grounds of non-payment of rent•a landlord's right to
Deceit—what is it?A deceit occurs when a misrepresentation is made with the express intention of defrauding a party, subsequently causing loss to that party.The elements of a claim in deceit are:•a clear false representation of fact or law•fraud by the maker, in the sense that they knew that the
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.