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

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