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How do I change the wording on The Report of the Accountants?

Article ID
ias-2068
Article Name
How do I change the wording on The Report of the Accountants?
Created Date
14th April 2005
Product
IRIS Accounts Production
Problem
How do I change the wording on The Report of the Accountants?
Resolution
Select Edit | Data Screens | Auditors and Accountants | Accountants | Report of the Accountants| select the relevant period Year Start On or After 6.4.08 | Report of the Accountants If one of the standard reports generated by Accounts Production is to be used enter the required selection in the field provided. The default wording of the each option is given below: Option A As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended [date] set out on pages X to Y and you consider that the company is exempt from an audit. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. Option B ICAEW Audit 02/04 In accordance with the engagement letter dated [date], and in order to assist you to fulfil your duties under the Companies Act 1985, we have compiled the financial statements of the company for the year ended [date] which comprise the Profit and Loss Account, the Balance Sheet, the Cash Flow Statement, the Statement of Total Recognised Gains and Losses and the related notes from the accounting records and information and explanations you have given to us. This report is made to the Company’s Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s Board of Directors, as a body, for our work or for this report. We have carried out this engagement in accordance with technical guidance issued by the Institute of Chartered Accountants in England and Wales and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements. You have acknowledged on the Balance Sheet as at [date] your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 1985. You consider that the company is exempt from the statutory requirement for an audit for the year. We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express an opinion on the financial statements. Option C ICAS April 2005 In accordance with the engagement letter dated [date], and in order to assist you to fulfil your duties under the Companies Act 1985, we have prepared the financial statements of the company for the year ended [date]on pages X to Y from the accounting records and information and explanations supplied to us. This report is made to the company’s Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken to enable us to prepare the financial statements on behalf of the company’s Board of Directors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s Board of Directors, as a body, for our work or for this report. We have carried out this engagement in accordance with best practice guidance issued by the Institute of Chartered Accountants of Scotland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the preparation of financial statements. You have acknowledged on the Balance Sheet as at [date] your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 1985. You consider that the company is exempt from the statutory requirement for an audit for the year. We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express an opinion on the financial statements. Option D ACCA Technical Quick Guide 32 You consider that the company is exempt from an audit for the year ended [date]. You have acknowledged, on the balance sheet, your responsibilities for ensuring that the company keeps accounting records which comply with section 221 of the Companies Act 1985, and for preparing financial statements which give a true and fair view of the state of affairs of the company and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the financial statements on pages X to Y from the accounting records of the company and on the basis of information or explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements. Option E ICAI Technical Statement M41 In accordance with the engagement letter dated [date], and in order to assist you to fulfil your duties under the Companies (Northern Ireland) Order 1986, we have compiled the financial statements of the company for the year ended [date] which comprise the Profit and Loss Account, the Balance Sheet, the Cash Flow Statement, the Statement of Total Recognised Gains and Losses and the related notes from the accounting records and information and explanations you have given to us. This report is made to the company’s Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s Board of Directors, as a body, for our work or for this report. We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements. You have acknowledged on the Balance Sheet as at [date] your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies (Northern Ireland) Order 1986. You consider that the company is exempt from the statutory requirement for an audit for the year. We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express an opinion on the financial statements. The data screen Company Information | Country for Legislation may need to be considered when making this selection. Date of Engagement Letter Enter the date of the Engagement Letter, this will then be disclosed on the Accountants report. Chartered Accountants If this field is ticked Chartered will be added to the report title. Certified Accountants (ACCA) If this field is ticked Certified will be added to the report title (This is ticked as default). Additional or Replacement text If the replace box is ticked, any text entered here will be used to replace the standard report of the accountants note. If the replace box is left blank, any text entered here will be added to the standard report of the accountants note. Quick Guide Click here to see information about generating a table within the notes. Reports Use this option to view or print any report without leaving this screen. IRIS will return to the Report of the accountants screen when you exit the report option. To view the Report of the accountants only enter ACL in the Report/Document field.

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