Carphone Warehouse 2014 Annual Report Download - page 61

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Carphone Warehouse Group plc
Annual Report 2014 59
FINANCIAL STATEMENTS
MATTERS ON WHICH WE ARE REQUIRED TO REPORT
BYEXCEPTION continued
DIRECTORS’ REMUNERATION
Under the Companies Act  we are also required to report if in
our opinion certain disclosures of directors’ remuneration have not
been made or the part of the Remuneration Report to be audited is
not in agreement with the accounting records and returns. We have
nothing to report arising from these matters.
CORPORATE GOVERNANCE STATEMENT
Under the Listing Rules we are also required to review the part of
the Corporate Governance Statement relating to the Company’s
compliance with nine provisions of the UK Corporate Governance
Code. We have nothing to report arising from our review.
OUR DUTY TO READ OTHER INFORMATION
INTHEANNUALREPORT
Under International Standards on Auditing (UK and Ireland), we are
required to report to you if, in our opinion, information in the annual
report is:
— materially inconsistent with the information in the audited
financial statements; or
— apparently materially incorrect based on, or materially
inconsistent with, our knowledge of the Group acquired
inthecourse of performing our audit; or
— otherwise misleading.
In particular, we are required to consider whether we have identified
any inconsistencies between our knowledge acquired during the
audit and the directors’ statement that they consider the annual
report is fair, balanced and understandable and whether the annual
report appropriately discloses those matters that we communicated
to the Audit Committee which we consider should have been
disclosed. We confirm that we have not identified any such
inconsistencies or misleading statements.
RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND AUDITORS
As explained more fully in the Statement of directors’ responsibilities,
the directors are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view.
Our responsibility is to audit and express an opinion on the financial
statements in accordance with applicable law and International
Standards on Auditing (UK and Ireland). Those standards require us
to comply with the Auditing Practices Board’s Ethical Standards for
Auditors. We also comply with International Standard on Quality
Control  (UK and Ireland). Our audit methodology and tools aim to
ensure that our quality control procedures are effective, understood
and applied. Our quality controls and systems include our dedicated
professional standards review team and independent partner reviews.
This report is made solely to the Company’s members, as a body,
inaccordance with Chapter  of Part  of the Companies Act .
Our audit work has been undertaken so that we might state to the
Company’s members those matters we are required to state to
them in an auditors’ report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility
to anyone other than the Company and the Company’s members
asa body, for our audit work, for this report, or for the opinions
wehave formed.
SCOPE OF THE AUDIT OF THE FINANCIAL STATEMENTS
An audit involves obtaining evidence about the amounts and
disclosures in the financial statements sufficient to give reasonable
assurance that the financial statements are free from material
misstatement, whether caused by fraud or error. This includes
anassessment of: whether the accounting policies are appropriate
to the Group’s and the Company’s circumstances and have been
consistently applied and adequately disclosed; the reasonableness
of significant accounting estimates made by the directors; and the
overall presentation of the financial statements. In addition, we read
all the financial and non-financial information in the annual report
to identify material inconsistencies with the audited financial
statements and to identify any information that is apparently materially
incorrect based on, or materially inconsistent with, the knowledge
acquired by us in the course of performing the audit. Ifwe become
aware of any apparent material misstatements orinconsistencies
we consider the implications for our report.
John Adam (Senior Statutory Auditor)
for and on behalf of Deloitte LLP
Chartered Accountants and Statutory Auditors
London, United Kingdom
25 June 2014