Auditing and Assurance Standards and Guidance

FRC Bulletins

APB Bulletin 2010/02 (Revised) Compendium of illustrative auditor's reports on UK private sector financial statements for periods ended on or after 15 December 2010

Appendix 7 Insurers

Example 21 – Non directive friendly society with no subsidiary companies, preparing financial statements under UK GAAP

Independent auditor's report to the members of XYZ friendly society

We have audited the financial statements of (name of friendly society) for the year ended ... which comprise [specify the titles of the primary statements such as the Income and Expenditure Account, the Balance Sheet] and the related notes⁶⁸. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

⁶⁸ Auditor's reports of societies that do not publish their financial statements on a website or publish them using 'PDF' format may refer to the financial statements by reference to page numbers.

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