Example sentences of "auditor ' [noun] [verb] [prep] [art] " in BNC.
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| 1 | When the Bingham Report recommended a statutory duty for auditors ‘ to report to the Bank any information or opinion which the auditor knows or should reasonably know to be relevant to a bank 's fulfilment of the criteria in Sch 3 of the 1987 [ Banking ] Act ’ ( ie the criteria for being licensed as a bank ) , auditors ' reactions varied from the totally relaxed to the slightly concerned , but no one positively opposed the change . |
| 2 | The statutory recognition of auditors ' resignation occurred for the first time in the Companies Act 1976 , prior to which resignation would have constituted a de facto breach of contract . |
| 3 | The example auditors ' reports given in the exposure draft are unlikely to help narrow the expectations gap because they do not include references to the inherent limitations of financial reporting and , in particular , to the need to recognise that the balance sheet is not intended to be a statement of a company 's net worth and that there can not be a guarantee that the company will survive as a going concern . |
| 4 | Second , the example auditors ' reports given in the proposed SAS place the opinion paragraph at the end of the reports . |
| 5 | It presented an illustrative example of a report which emphasises that the auditors ' conclusions related to the date of the financial statements , but ‘ because of inherent limitations in any system of control , errors , breaches of law , inefficiencies or irregularities may occur and not be detected and such a system is subject to the risk that procedures may become inadequate ’ . |