Document ID: chunk:federal_register_of_legislation:C2025C00185:section:314:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 314 (pt 2/2)
Character Range: 1149319–1150427

a concise report and that the full financial report and auditor's report will be sent to the member free of charge if the member asks for them.
 (2A) If paragraph (1AF)(a) or (b) applies to the company for the financial year mentioned in subsection (1), apply subsection (2) to the company in relation to that financial year with the following modifications:
 (a) insert the words "if the company's financial report for the year is required to be audited—" at the start of each of paragraphs (2)(c) and (d);
 (b) omit the words "and that the full financial report and auditor's report will be sent to the member free of charge if the member asks for them" in paragraph (2)(e).
 (3) If the accounting standards made for the purposes of paragraph (2)(a) require a discussion and analysis to be included in a concise financial report:
 (a) the auditor must report on whether the discussion and analysis complies with the requirements that the accounting standards lay down for the discussion and analysis; and
 (b) the auditor does not otherwise need to audit the statements made in the discussion and analysis.