auditor's report
Under Sections 235 and 236 Companies Act 1985, the auditor's report to the shareholders on the annual accounts stating whether the accounts have been prepared in accordance with the Companies Act 1985 and whether a true and fair view is given of the profit and loss for the year in question and the financial position at the year end. The signed auditor's report is presented to the shareholders at the AGM and filed with the Companies Registry.

Easyform Glossary of Law Terms. — UK law terms.


auditor's report
A statement from the auditors (accountants) that they have examined the financial statements of a company to check whether they have been properly kept and whether they represent a true and fair view of the company's results and financial position. Under the Companies Act 1985, companies of a certain size are required to have their annual accounts audited. Auditors' reports may also be required by statute in relation to certain transactions to be carried out by a company.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • Auditor's report — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • auditor's report — A section of an annual report that includes the auditor s opinion about the veracity of the financial statements. Bloomberg Financial Dictionary All companies above a certain size are required to have their financial statements audited ( i.e.… …   Financial and business terms

  • Auditor's report — A section of an annual report containing the auditor s opinion about the veracity of the financial statements. The New York Times Financial Glossary * * * auditor s report auditor s report ➔ report1 * * * auditor s report UK US noun [C] (also… …   Financial and business terms

  • Auditor's Report — Recorded in the annual report, the auditor s report tests to see that a corporation s financial statements comply with GAAP. This is sometimes referred to as the clean opinion. Most auditor s reports consist of three paragraphs. The first states… …   Investment dictionary

  • auditor's report — report of a financial examiner …   English contemporary dictionary

  • Auditor’s Report, The — A U.S. auditing newsletter. Published quarterly by the * American Accounting Association, the newsletter focuses on academic and professional developments in auditing. Web link: http://accounting.rutgers.edu/raw/aaa/audit/auditorsreport.htm …   Auditor's dictionary

  • report of the auditor(s) — See: auditors report …   Accounting dictionary

  • report of the auditor(s) — See: auditors report …   Accounting dictionary

  • report of the auditor(s) — See auditors report …   Big dictionary of business and management

  • report of the auditor(s) — See auditors report …   Big dictionary of business and management

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”