auditors' 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.


auditors' 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:

  • auditors' report — audit report A report by the auditors appointed to audit the accounts of a company or other organization. Auditors reports may take many forms depending on who has appointed the auditors and for what purposes. Some auditors are engaged in an… …   Accounting dictionary

  • auditors' report — audit report A report by the auditors appointed to audit the accounts of a company or other organization. Auditors reports may take many forms depending on who has appointed the auditors and for what purposes. Some auditors are engaged in an… …   Big dictionary of business and management

  • auditors’ report — /ˌɔ:dɪtəz rɪ pɔ:t/ noun a report written by a company’s auditors after they have examined the accounts of the company (NOTE: If the auditors are satisfied, the report certifies that, in their opinion, the accounts give a ‘true and fair’ view of… …   Dictionary of banking and finance

  • 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

  • report — Written or oral confirmation that all or part of one s order has been executed, including the price and size parameters of the trade being reported; often followed by a fresh picture. Bloomberg Financial Dictionary A premium on carrying over a… …   Financial and business terms

  • report — {{Roman}}I.{{/Roman}} noun 1 written/spoken account of sth ADJECTIVE ▪ groundbreaking, important, influential, landmark, major ▪ lengthy ▪ brief …   Collocations dictionary

  • auditors’ qualification — /ˌɔ:dɪtəz ˌkwɒlɪfɪ keɪʃ(ə)n/ noun a form of words in a report from the auditors of a company’s accounts, stating that in their opinion the accounts are not a true reflection of the company’s financial position. Also called qualification of… …   Dictionary of banking and finance

Share the article and excerpts

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