Financial Reporting Publications
Auditor's Reports on Financial Statements in the UK
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Apr 28, 2009 - 3:10:48 PM

The Auditing Practices Board published Bulletin 2009/2 entitled ‘Auditor’s Reports on Financial Statements in the United Kingdom’ on 24th of April 2009.

The purpose of the Bulletin is to provide illustrative examples of both unmodified and modified auditor’s reports on financial statements of companies incorporated in the United Kingdom for years ending on or after 5 April 2009. This bulletin does not affect and is not relevant to Irish companies but may be relevant to Irish Auditors working with entities incorporated under the UK companies acts. Relevant guidance will be adopted for Irish Companies in the future.

The Bulletin has largely been prompted in response to the revised UK Companies Acts. The example auditor’s reports included in the Bulletin take account of:

· the applicable requirements of the Companies Act 2006, which has superseded the Companies Act 1985 and the Companies (Northern Ireland) Order 1986.
· the requirements of ISA (UK and Ireland) 700 (Revised) which was issued during March 2009 (see PN 106).