Contents of the auditor's report—companies
Contents of the auditor's report—companies

The following Corporate practice note provides comprehensive and up to date legal information covering:

  • Contents of the auditor's report—companies
  • Auditor's report
  • Annual accounts
  • Directors' report and strategic report
  • Directors' remuneration report
  • Corporate governance statement
  • General offence in relation to an auditor's report

There are statutory provisions relating to the content of the auditor's report on the accounts and reports of a company.

In relation to the need for an auditor's report, see Practice Note: The requirement to audit accounts.

There may be other rules relating to a company's obligations in relation to audit and auditors that apply a listed company, an AIM company or a company with securities that are listed on the AQSE Main Market or AQSE Growth Market (formerly the NEX Exchange Main Board or NEX Exchange Growth Market), but these are outside the scope of this Practice Note.

Auditor's report

A company's auditor must make a report on the annual accounts of a company if copies of those annual accounts are, in accordance with the applicable statutory provisions:

  1. to be sent to the members during the auditor's tenure of office, in the case of a private company

  2. to be laid before the company in general meeting during the auditor's tenure of office, in the case of a public company

For further information on an auditor's duties and rights, see Practice Note: An auditor’s duties and rights.

Annual accounts

The auditor's report on a company's annual accounts must include:

  1. the identity of the company whose annual accounts are the subject of the audit

  2. a description of the annual accounts that are the subject of the audit (including the period covered by

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