sufficient in terms of both quality and quantity to satisfy the reasonable expectations of users of the financial statements.

the auditor concludes that the financial statements do not give a true and fair view.

company whose shares can be bought and sold by the general public and are listed on a stock exchange, such as the London Stock Exchange.

An annual general meeting (commonly referred to as an AGM) is a formal meeting held once a year by a company, required by law, to which shareholders are invited.

concept used by both preparers and auditors of financial statements to help determine what information is important, what information should be disclosed in the financial statements

A financial metric that measures the resources available to a company to finance its day- to-day operations.

responsibility in relation to the qualification and supervision of auditors.

The auditor concludes that the extent of their inability to obtain sufficient appropriate audit evidence is such that it is not possible to form an opinion on the financial statements.

a difference—arising from an error or fraud—between the amount, classification, presentation or disclosure of an item in the financial statements.

It states the auditor’s conclusion on whether the financial statements, including disclosures are presented fairly in all material respects in accordance with the applicable financial reporting standards.

A paragraph included in the auditor’s report that refers to a matter appropriately presented or disclosed in the financial statements that, in the auditor’s judgement, is of such importance that it is fundamental

The inclusion of information in the financial statements, such as further analysis of the primary financial statements, a statement of principal accounting policies applied.

A financial statement that measures a company’s financial performance over a specific accounting period.