Vodafone 2014 Annual Report Download - page 97

Directors’ remuneration
Under the Companies Act 2006 we are also required to report if in our opinion certain disclosures of directors’ remuneration have not been made
or the part of the Directors’ 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:
a materially inconsistent with the information in the audited nancial statements; or
a apparently materially incorrect based on, or materially inconsistent with, our knowledge of the Group acquired in the course of performing our
audit; or
a otherwise misleading.
In particular, we are required to consider whether we have identied 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 and Risk Committee which we consider should have been disclosed. We conrm that
we have not identied any such inconsistencies or misleading statements.
Respective responsibilities of directors and auditor
As explained more fully in the Directors’ Responsibilities Statement, the directors are responsible for the preparation of the nancial statements and
for being satised that they give a true and fair view. Our responsibility is to audit and express an opinion on the nancial 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 1 (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, strategically focused second partner reviews and independent partner reviews.
This report is made solely to the Company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. 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 auditor’s 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 nancial statements
An audit involves obtaining evidence about the amounts and disclosures in the nancial statements sufcient to give reasonable assurance that the
nancial 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 parent company’s circumstances and have been consistently applied and adequately disclosed;
the reasonableness of signicant accounting estimates made by the directors; and the overall presentation of the nancial statements. In addition,
we read all the nancial and non-nancial information in the Annual Report to identify material inconsistencies with the audited nancial 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.
Panos Kakoullis FCA (Senior statutory auditor)
for and on behalf of Deloitte LLP
Chartered Accountants and Statutory Auditor
London, United Kingdom
20 May 2014
Vodafone Group Plc
Annual Report 2014 95Overview
Strategy
review Performance Governance Financials
Additional
information