Vodafone 2016 Annual Report Download - page 88

Vodafone Group Plc
Annual Report 2016
86
Audit report on the consolidated and parent company nancial statements (continued)
Directors’ remuneration
Directors’ remuneration report – Companies Act 2006 opinion
In our opinion, the part of the Directors’ remuneration report to be audited has been properly prepared in accordance with the Companies Act 2006.
Other Companies Act 2006 reporting
Under the Companies Act 2006 we are required to report to you if, in our opinion, certain disclosures of Directors’ remuneration specied by law are
not made. We have no exceptions to report arising from this responsibility.
Corporate governance statement
Under the Companies Act 2006 we are required to report to you if, in our opinion, a corporate governance statement has not been prepared by the
Company. We have no exceptions to report arising from this responsibility.
Under the Listing Rules we are required to review the part of the corporate governance statement relating to 10 further provisions of the Code.
We have nothing to report having performed our review.
Responsibilities for the nancial statements and the audit
Our responsibilities and those of the Directors
As explained more fully in the Directors’ statement of responsibility set out on pages 76 and 77, 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 ISAs (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 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.
What an audit of nancial statements involves
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:
a whether the accounting policies are appropriate to the Group’s and the Company’s circumstances and have been consistently applied and
adequately disclosed;
a the reasonableness of signicant accounting estimates made by the Directors; and
a the overall presentation of the nancial statements.
We primarily focus our work in these areas by assessing the Directors’ judgements against available evidence, forming our own judgements,
and evaluating the disclosures in the nancial statements.
We test and examine information, using sampling and other auditing techniques, to the extent we consider necessary to provide a reasonable basis
for us to draw conclusions. We obtain audit evidence through testing the effectiveness of controls, substantive procedures or a combination of both.
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.
Andrew Kemp (Senior Statutory Auditor)
for and on behalf of PricewaterhouseCoopers LLP
Chartered Accountants and Statutory Auditors
London
17 May 2016
Notes:
1 The maintenance and integrity of the Vodafone Group Plc website is the responsibility of the Directors; the work carried out by the auditors does not involve consideration of these matters and,
accordingly, the auditors accept no responsibility for any changes that may have occurred to the nancial statements since they were initially presented on the website.
2 Legislation in the United Kingdom governing the preparation and dissemination of nancial statements may differ from legislation in other jurisdictions.
3 Note that the report set out above is included for the purposes of Vodafone Group Plc’s Annual Report for 2016 only and does not form part of Vodafone Group Plc’s Annual Report on Form
20-F for 2016.