Companies Act 2014 section 391

Statutory auditors' report on statutory financial statements

Section 391 requires statutory auditors to report to the company's members on all statutory financial statements presented during the auditors' period of appointment.

• Statutory auditors must prepare a report addressed to the members of the company.
• The report must follow the prescribed format set out in section 336 of the Companies Act 2014.
• The report must cover all statutory financial statements laid before the members during the auditors' tenure.
• This obligation applies throughout the entire period the auditors hold office, not just for a single set of accounts.