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Amendment of section 1373 of Principal Act
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82. Section 1373 of the Principal Act is amended by the substitution of the following subsection for subsection (7):
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“(7) Where a company prepares a corporate governance statement, the statutory auditors of the company shall, in their report under section 391 in respect of the company—
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(a) provide an opinion, based on the work undertaken in the course of the audit, as to whether—
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(i) the information given pursuant to subsection (2)(c) and (d) is consistent with the company’s statutory financial statements in respect of the financial year concerned, and
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(ii) such information has been prepared in accordance with this section,
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(b) state whether, based on their knowledge and understanding of the company and its environment obtained in the course of the audit, they have identified material misstatements in the information given pursuant to subsection (2)(c) and (d) and, where they have so identified, give an indication of the nature of such misstatements, and
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(c) state whether in their opinion, based on the work undertaken in the course of the audit, the information required pursuant to subsection (2)(a), (b), (e) and (f) is contained in the corporate governance statement.”.
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