Section 496(1)

In his report on the company's annual accounts, the auditor must- state whether, in his opinion, based on the work undertaken in the course of the audit— the information given in the strategic report (if any) and the directors’ report for the financial year for which the accounts are prepared is consistent with those accounts, and any such strategic report and the directors’ report have been prepared in accordance with applicable legal requirements, state whether, in the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, he has identified material misstatements in the strategic report (if any) and the directors’ report, and if applicable, give an indication of the nature of each of the misstatements referred to in paragraph (b).

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Source: legislation.gov.uk · retrieved 2026-09-04