Companies Act 2014
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Special report of the statutory auditors on abridged financial statements | ||
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356. (1) There shall accompany abridged financial statements annexed to the annual return and delivered to the Registrar a copy of a special report of the statutory auditors of the company to the directors of it containing— | ||
(a) a statement of the statutory auditors with respect to the matters set out in subsection (2) on those abridged financial statements, and | ||
(b) a copy of the statutory auditors' report under section 391 in the form required by section 336 . | ||
(2) Where— | ||
(a) the directors of a company propose to annex to the annual return abridged financial statements for any financial year prepared pursuant to section 353 or 354 , and | ||
(b) the statutory auditors of the company are of opinion that the directors of the company are entitled, for that purpose, to rely on the exemption contained in section 352 and the abridged financial statements have been properly prepared pursuant to section 353 or 354 , as the case may be, | ||
it shall be the duty of the statutory auditors of the company to state in the special report referred to in subsection (1) that, in the opinion of those auditors— | ||
(i) the directors of the company are entitled to annex those abridged financial statements to the annual return, and | ||
(ii) the abridged financial statements so annexed are properly so prepared. | ||
(3) With respect to the statutory auditors' special report referred to in subsection (1) (a copy (as that expression is to be read in accordance with section 352 (5)) of which is to be delivered to the Registrar), the original of that report shall be signed by the statutory auditors and bear the date of such signing; the requirements of section 337 (2) with respect to the signing of the report there referred to shall also apply with respect to the signing of the special report. | ||
(4) Every copy of the special report of the statutory auditors prepared in accordance with subsection (1) that is circulated, published or issued shall state the name of the statutory auditors providing the report and, if different, the names of the statutory auditors who provided the report under section 391 . | ||
(5) If a company fails to comply with subsection (1) or (4), the company and any officer of it who is in default shall be guilty of a category 2 offence. | ||
(6) In subsection (5) “officer” includes any shadow director and de facto director. |