Auditing and Assurance Standards and Guidance

FRC Bulletins

Bulletin: Compendium of illustrative auditor's reports on United Kingdom private sector financial statements for periods commencing on or after 17 June 2016

Appendices

Appendix 2— Non-publicly traded company preparing group and parent company financial statements under UK GAAP

dotbullet Company either does not qualify as a small company or qualifies as a small company but chooses not to prepare its financial statements under the small companies regime

dotbullet Company is not a public-interest entity

dotbullet Financial statements are prepared in accordance with FRSs 100 and 102 (UK GAAP)

dotbullet Company prepares group financial statements

dotbullet Section 408 exemption taken for parent company's own profit and loss account

dotbullet Description of the auditor's responsibilities for the audit of the financial statements is included within the body of the auditor's report

dotbullet Auditor is not required, and has otherwise not decided, to communicate key audit matters in accordance with ISA (UK) 701