Experian 2011 Annual Report Download - page 151

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Financial statements 149
Report of the auditors: parent company financial statements
Independent auditors' report to the members of Experian plc
We have audited the parent company nancial statements of Experian plc for the year ended 31 March 2011 which comprise the parent company
prot and loss account, the parent company balance sheet and the related notes. The nancial reporting framework that has been applied in
their preparation is applicable law and 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
nancial statements and for being satised that they give a true and fair view. Our responsibility is to audit and express an opinion on the parent
company 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.
This report, including the opinions, has been prepared for and only for the Company’s members as a body in accordance with Article 113A of
the Companies (Jersey) Law 1991 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 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 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 parent company nancial statements to identify material inconsistencies with the
audited nancial statements. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for
our report.
Opinion on nancial statements
In our opinion the parent company nancial statements:
•give a true and fair view of the state of the company’s affairs as at 31 March 2011 and of its loss for the year then ended;
•have been properly prepared in accordance with United Kingdom Accounting Standards; and
•have been prepared in accordance with the requirements of the Companies (Jersey) Law 1991.
Opinion on other matter
In our opinion the information given in the Directors’ report for the nancial year for which the parent company’s nancial statements are
prepared is consistent with the parent company nancial statements.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies (Jersey) Law 1991 requires us to report to you if, in our
opinion:
•proper accounting records have not been kept by the parent company or returns adequate for our audit have not been received from
branches not visited by us; or
•the parent company nancial statements are not in agreement with the accounting records; or
•we have not received all the information and explanations we require for our audit.
Andrew Kemp
For and on behalf of PricewaterhouseCoopers LLP
Chartered Accountants and Recognized Auditor
London, United Kingdom
17 May 2011