BT 2015 Annual Report Download - page 145

143
Overview
The Strategic Report
Purpose and strategy Delivering our strategy Group performance Governance Financial statements Additional information
United States opinion
eport of independent reistered public accountin fir
to the Board of directors and shareholders of BT Group plc
the copan
In our opinion, the accompanying group balance sheets and the
related group income statements, group statements of comprehensive
incoe roup stateents of chanes in euit and roup cash ow
stateents present fairl in all aterial respects the financial position
of BT Group plc and its subsidiaries at 31 March 2015 and 31 March
01 and the results of their operations and their cash ows for each
of the three years in the period ended 31 March 2015 in conformity
with International Financial Reporting Standards as issued by the
International Accounting Standards Board. Also in our opinion, the
copan aintained in all aterial respects eective internal control
over financial reportin as of 1 arch 01 based on criteria
established in the Turnbull Guidance.
he copans anaeent is responsible for these financial
stateents for aintainin eective internal control over financial
reportin and for its assessent of the eectiveness of internal control
over financial reportin included in anaeents evaluation of the
eectiveness of internal control over financial reportin as set out in
the first two pararaphs of nternal control over financial reportin in
the 5HSRUWRIWKHDirectors, *HQHUDOLQIRUPDWLRQ, of the BT Group plc
Annual Report & Form 20-F 2015.
ur responsibilit is to epress opinions on these financial stateents
and on the copans internal control over financial reportin based on
our integrated audits. We conducted our audits in accordance with the
standards of the ublic opan ccountin versiht oard United
States). Those standards require that we plan and perform the audits
to obtain reasonable assurance about whether the financial stateents
are free of aterial isstateent and whether eective internal control
over financial reportin was aintained in all aterial respects.
ur audits of the financial stateents included eainin on a test
basis evidence supportin the aounts and disclosures in the financial
stateents assessin the accountin principles used and sinificant
estiates ade b anaeent and evaluatin the overall financial
stateent presentation. ur audit of internal control over financial
reporting included obtaining an understanding of internal control over
financial reportin assessin the ris that a aterial weaness eists
and testin and evaluatin the desin and operatin eectiveness of
internal control based on the assessed risk. Our audits also included
performing such other procedures as we considered necessary in the
circumstances. We believe that our audits provide a reasonable basis
forour opinions.
 copans internal control over financial reportin is a process
designed to provide reasonable assurance regarding the reliability of
financial reportin and the preparation of financial stateents for
external purposes in accordance with generally accepted accounting
principles.  copans internal control over financial reportin includes
those policies and procedures that ipertain to the aintenance of
records that in reasonable detail accuratel and fairl reect the
transactions and dispositions of the assets of the copan iiprovide
reasonable assurance that transactions are recorded as necessary to
perit preparation of financial stateents in accordance with enerall
accepted accounting principles, and that receipts and expenditures of
the company are being made only in accordance with authorisations of
anaeent and directors of the copan and iiiprovide reasonable
assurance regarding prevention or timely detection of unauthorised
acquisition, use, or disposition of the company’s assets that could have
aaterial eect on the financial stateents.
ecause of its inherent liitations internal control over financial
reporting may not prevent or detect misstatements. Also, projections of
an evaluation of eectiveness to future periods are subect to the ris
that controls may become inadequate because of changes in conditions,
or that the degree of compliance with the policies or procedures
maydeteriorate.
3ULFHZDWHUKRXVH&RRSHUV//3
London, United Kingdom
6 May 2015