Experian 2012 Annual Report Download - page 151

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149
Governance Financial statementsBusiness reviewBusiness overview
Report of the auditors:
parent company financial statements
Independent auditors' report to the members of Experian plc
We have audited the parent company financial statements of Experian plc for the year ended 31 March 2012 which comprise the parent
company profit and loss account, the parent company balance sheet and the related notes. The financial reporting framework that has been
applied in their preparation is United Kingdom Accounting Standards.
Respective responsibilities of directors and auditors
As explained more fully in the Statements of directors' responsibilities the directors are responsible for the preparation of the parent company
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 parent
company 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.
This report, including the opinions, has been prepared for and only for the company’s members as a body in accordance with the terms of our
engagement 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.
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 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 and accounts to identify material inconsistencies with the audited
financial statements. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our
report.
Opinion on financial statements
In our opinion the parent company financial statements:
•give a true and fair view of the state of the Company’s affairs as at 31 March 2012 and of its loss for the year then ended; and
•have been properly prepared in accordance with United Kingdom Accounting Standards.
Opinion on other matter
In our opinion the information given in the Directors’ report for the financial year for which the parent company’s financial statements are
prepared is consistent with the parent company financial statements.
Ranjan Sriskandan
For and on behalf of PricewaterhouseCoopers LLP
Chartered Accountants
London, United Kingdom
9 May 2012