Preparing an audit report for a group combined audit report for the group and parent company
This guide was last updated in September 2018 and is based on the relevant laws and regulations that apply as at 1 September 2018. The only changes since the last version of the guide are to the use of the audit report section to reflect the release of Technical Release 01/03AAF (Revised).
The example wording in this guide has been adapted from the company examples in the FRC’s Compendium of illustrative auditor’s reports. For the purposes of this guide it has been presumed that the parent company is not listed nor a Public Interest Entity as defined by the EU Regulation. It is also presumed that the group and parent company financial statements are being reported on in the same audit report. A separate guide has been prepared which explains the changes where the group and parent company financial statements are reported on in separate audit reports.
Note to users
The following ICAEW guides and articles may also be helpful:
Terms and conditions
© ICAEW 2021 All rights reserved.
ICAEW cannot accept responsibility for any person acting or refraining to act as a result of any material contained in this helpsheet. This helpsheet is designed to alert you to an important issue of general application. It is not intended to be a definitive statement covering all aspects but is a brief comment on a specific point.
You have permission to use and reproduce this helpsheet on the following conditions:
The helpsheet is to be reproduced for personal, non-commercial use only and is not for re-distribution.