Strategic Report
Governance Report
Financial Statements
Company Financial Statements
• Enquiries with management, compliance and legal, including consideration of known or suspected instances of non- compliance with laws and regulations and fraud; • Assessing methods, significant assumptions and data used by management in making significant accounting estimates; • Developed an understanding of management’s internal controls; and • Reviewed the litigation register and regulatory correspondence with the FCA. There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non- compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. Our audit testing might include testing complete populations of certain transactions and balances, possibly using data auditing techniques. However, it typically involves selecting a limited number of items for testing, rather than testing complete populations. We will often seek to target particular items for testing based on their size or risk characteristics. In other cases, we will use audit sampling to enable us to draw a conclusion about the population from which the sample is selected.
A further description of our responsibilities for the audit of the financial statements is located on the FRC’s website at: www.frc.org. uk/auditorsresponsibilities. This description forms part of our auditors’ report. Use of this report This report, including the opinions, has been prepared for and only for the company’s members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and for no other purpose. We do not, in giving these opinions, accept or assume responsibility for any other purpose or to any other person to whom this report is shown or into whose hands it may come save where expressly agreed by our prior consent in writing. Other required reporting Companies Act 2006 exception reporting Under the Companies Act 2006 we are required to report to you if, in our opinion: • we have not obtained all the information and explanations we require for our audit; or • adequate accounting records have not been kept by the company, or returns adequate for our audit have not been received from branches not visited by us; or
We have no exceptions to report arising from this responsibility. Appointment Following the recommendation of the Audit Committee, we were appointed by the Board to audit the financial statements for the year ended 30 June 2011 and subsequent financial periods, and our appointment was ratified by the members at the AGM on 19 October 2011. The period of total uninterrupted engagement is 15 years, covering the years ended 30 June 2011 to 30 June 2025. Jeremy Jensen (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers LLP Chartered Accountants and Statutory Auditors London 3 September 2025
• certain disclosures of directors’
remuneration specified by law are not made; or
• the company financial statements and the part of the Remuneration Committee Report to be audited are not in agreement with the accounting records and returns.
Brooks Macdonald Group plc Annual Report and Accounts 2025
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