Management’s assumption that the company will continue to operate for the foreseeable future.

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.

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.

Preparing the financial statements of a company where management is unable to confirm that it is a going concern. Assets and liabilities are included at the net value that would be realisable in the event of a forced sale or liquidation.

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.

report issued by a company detailing its activities and financial performance during the preceding year.

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

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

opinion—the auditor concludes that, except for specific matters explained in the audit report, the financial statements give a true and fair view

responsible for the oversight of a company’s financial reporting and accounting, financial regulatory compliance, financial risk management processes, and the engagement of and interaction with the company’s external auditor on

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

requirements and guidance for auditors regarding performing audit engagements. Set by national or international organizations, such as the International Auditing and Assurance Standards Board (IAASB).