Companies Act (Cap. 386), article 179

179. (1) A company’s auditors shall make a report to the company’s members on all annual accounts of the company of which copies are to be laid before the company in general meeti ng during their tenure of office. (2) The auditors’ report shall be drawn up in accordance with generally accepted auditing stand ards and shall s tate whether i n the auditors’ opinion the annual accounts have been properly prepar ed in accordance with this Act, and in particular whether a true a nd fair view is given - (a) in the case of an individual balance sheet, of the state of affairs of the company as at the end of the accounting period; (b) in the case of an individual profit and loss account, of the profit or loss of the company for the accounting period; (c) in the case of consolidated accounts, of the state of affairs as at the end of the accounting period, and the profit or loss for the accounting period, of the undertakings included in the consolidation as a whole, so far as concerns members of the company. (3) The auditors shall consider whether the information given in the directors’ report for th e accounting period for which th e annual accounts are prepared is c onsistent with those accounts; and if they are of the opinion that it is not they shall state that fact in their report. The auditors shall also: (a) express an opinion on whether the directors’ report has been prepared in accordance with the applicable legal requirements; (b) state whether, in the light of the knowledge and understanding of the undertaking and its environment obtained in the course of the audit, they have identified material misstatements in the directors’ report, and shall give an indication of the nature of any such misstatements: Provided that the requirement mentioned in paragraphs ( a) and ( b) shall not apply to the non-financial information to be disclosed in accordance with paragraphs 8 and 11 of the Sixth 120 CAP. 386.] COMP ANIES Schedule, but the auditors shall check whether such information is provided. (4) The audit report shall comply with the provisions of article