C6C7C8C9Part 15Accounts and reports

Annotations:
Modifications etc. (not altering text)
C7

Pt. 15 applied (with modifications) (6.4.2008) by The Partnerships (Accounts) Regulations 2008 (S.I. 2008/569), regs. 4, 7, Sch. Pt. 1

C8

Pt. 15 applied (with modifications) (1.10.2009) by The Unregistered Companies Regulations 2009 (S.I. 2009/2436), regs. 3-5, Sch. 1 para. 16 (with transitional provisions and savings in regs. 7, 9, Sch. 2)

C5Chapter 4Annual accounts

Annotations:
Modifications etc. (not altering text)

General

C1C2C3C4393Accounts to give true and fair view

1

The directors of a company must not approve accounts for the purposes of this Chapter unless they are satisfied that they give a true and fair view of the assets, liabilities, financial position and profit or loss—

a

in the case of the company's individual accounts, of the company;

b

in the case of the company's group accounts, of the undertakings included in the consolidation as a whole, so far as concerns members of the company.

2

The auditor of a company in carrying out his functions under this Act in relation to the company's annual accounts must have regard to the directors' duty under subsection (1).