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Chapter HMASAC2120

Document Cited in Related
Vincent
Published date11 April 2016
Record NumberHMASAC2120
CourtHM Revenue & Customs
IssuerHM Revenue & Customs
What does the Report of the Independent Auditors consist of?

This is a narrative section, signed by the auditors, outlining the following:

  • The responsibilities of the directors and auditors;
  • The basis of the audit opinion; and
  • The audit opinion.
How can I use the information contained in the Report of the Independent Auditors?

This section is often overlooked, as the wording is usually formulaic. However, if the auditor does have concerns about the validity of the accounts this is where it will be stated.

Why should I check the information provided in the Report of the Independent Auditors?

This section should always be checked as it explains how the auditor reached the basis of his conclusion. If he is not satisfied with the...

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