A company's auditor must make a report to the company's members on all annual accounts of the company of which copies are, during his tenure of office—
in the case of a private company, to be sent out to members under section 423;
in the case of a public company, to be laid before the company in general meeting under section 437.
The auditor's report must include—
the identity of the company whose annual accounts are the subject of the audit,
a description of the annual accounts that are the subject of the audit (including the period covered by those accounts),
a description of the financial reporting framework that has been applied in the preparation of those accounts, and
a description of the scope of the audit identifying the auditing standards in accordance with which the audit was conducted.
The following provisions apply to the auditors of a company which qualifies as a micro-entity in relation to a financial year (see sections 384A and 384B) in their consideration of whether the Companies Act individual accounts of the company for that year give a true and fair view as mentioned in subsection (3)(a)—
where the accounts comprise only micro-entity minimum accounting items, the auditors must disregard any provision of an accounting standard which would require the accounts to contain information additional to those items,
in relation to a micro-entity minimum accounting item contained in the accounts, the auditors must disregard any provision of an accounting standard which would require the accounts to contain further information in relation to that item, and
where the accounts contain an item of information additional to the micro-entity minimum accounting items, the auditors must have regard to any provision of an accounting standard which relates to that item.
The auditor's report—
must be either unqualified or qualified,
must include a reference to any matters to which the auditor wishes to draw attention by way of emphasis without qualifying the report,
must include a statement on any material uncertainty relating to events or conditions that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting, and
must identify the auditor's place of establishment.
Where more than one person is appointed as an auditor—
all the persons appointed must jointly make a report under this section and the report must include a statement as to whether all the persons appointed agree on the matters contained in the report, and
if all the persons appointed cannot agree on the matters contained in the report, the report must include the opinions of each person appointed and give reasons for the disagreement.