BT 2008 Annual Report Download - page 141

140 BT Group plc Annual Report & Form 20-F
Independent auditors’ report to the
members of BT Group plc
We have audited the parent company financial statements of BT
Group plc for the year ended 31 March 2008 which comprise
the balance sheet and the accounting policies. These parent
company financial statements have been prepared under the
accounting policies set out therein. These parent company
financial statements are set out on pages 141 to 144. We have
also audited the information in the Report on Directors’
Remuneration that is described as having been audited.
We have reported separately on the consolidated financial
statements of BT Group plc for the year ended 31 March 2008.
This separate report is set out on page 85.
Respective responsibilities of directors
and auditors
The directors’ responsibilities for preparing the Annual Report,
the Report on Directors’ Remuneration and the parent company
financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice) are set out in the
Statement of directors’ responsibilities.
Our responsibility is to audit the parent company financial
statements and the part of the Report on Directors’
Remuneration to be audited in accordance with relevant legal
and regulatory requirements and International Standards on
Auditing (UK and Ireland). This report, including the opinion, has
been prepared for and only for the company’s members as a
body in accordance with Section 235 of the Companies Act
1985 and for no other purpose. We do not, in giving this
opinion, 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.
We report to you our opinion as to whether the parent
company financial statements give a true and fair view and
whether the parent company financial statements and the part
of the Report on Directors’ Remuneration to be audited have
been properly prepared in accordance with the Companies Act
1985. We also report to you whether in our opinion the
information given in the Report of the Directors is consistent
with the parent company financial statements.
In addition we report to you if, in our opinion, the company
has not kept proper accounting records, if we have not received
all the information and explanations we require for our audit, or
if information specified by law regarding directors’ remuneration
and other transactions is not disclosed.
We read other information contained in the Annual Report
and Form 20-F and consider whether it is consistent with the
audited parent company financial statements. The other
information comprises only the Overview and the Report of the
Directors. We consider the implications for our report if we
become aware of any apparent misstatements or material
inconsistencies with the parent company financial statements.
Our responsibilities do not extend to any other information.
Basis of audit opinion
We conducted our audit in accordance with International
Standards on Auditing (UK and Ireland) issued by the Auditing
Practices Board. An audit includes examination, on a test basis,
of evidence relevant to the amounts and disclosures in the
parent company financial statements and the part of the Report
on Directors’ Remuneration to be audited. It also includes an
assessment of the significant estimates and judgments made by
the directors in the preparation of the parent company financial
statements, and of whether the accounting policies are
appropriate to the company’s circumstances, consistently applied
and adequately disclosed.
We planned and performed our audit so as to obtain all the
information and explanations which we considered necessary in
order to provide us with sufficient evidence to give reasonable
assurance that the parent company financial statements and the
part of the Report on Directors’ Remuneration to be audited are
free from material misstatement, whether caused by fraud or
other irregularity or error. In forming our opinion we also
evaluated the overall adequacy of the presentation of
information in the parent company financial statements and the
part of the Report on Directors’ Remuneration to be audited.
Opinion
In our opinion:
"
the parent company financial statements give a true and fair
view, in accordance with United Kingdom Generally Accepted
Accounting Practice, of the state of the company’s affairs as
at 31 March 2008;
"
the parent company financial statements and the part of the
Report on Directors’ Remuneration to be audited have been
properly prepared in accordance with the Companies Act
1985; and
"
the information given in the Report of the Directors is
consistent with the parent company financial statements.
PricewaterhouseCoopers LLP
Chartered Accountants and Registered Auditors
London, United Kingdom
14 May 2008
Financial statements
Report of the independent auditors – parent company