Peachtree 2012 Annual Report Download - page 127

Overview
Performance
Governance
Independent auditors’ report to the members of The Sage Group plc
We have audited the parent Company financial statements of The Sage
Group plc for the year ended 30 September 2012 which comprise the
Company balance sheet and the related notes. The financial reporting
framework that has been applied in their preparation is applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Respective responsibilities of directors and auditors
As explained more fully in the Statement of directors’ responsibilities set out
on page 62, 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 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.
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 parent 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 & 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
30 September 2012;
have been properly prepared in accordance with United Kingdom Generally
Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies
Act 2006.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion:
the part of the Remuneration report to be audited has been properly
prepared in accordance with the Companies Act 2006; and
the information given in the Directors’ report for the financial year
for which the parent Company financial statements are prepared
is consistent with the parent Company financial 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 Act 2006 requires us to report to you if, in our opinion:
adequate 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 financial statements and the part of the Remuneration
report to be audited are not in agreement with the accounting records and
returns; or
certain disclosures of directors’ remuneration specified by law are
not made; or
we have not received all the information and explanations we require for
our audit.
Other matters
We have reported separately on the Group financial statements
of The Sage Group plc for the year ended 30 September 2012.
The maintenance and integrity of The Sage 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 financial
statements since they were initially presented on the website.
Legislation in the United Kingdom governing the preparation and
dissemination of financial statements may differ from legislation in
other jurisdictions.
Charles Bowman (Senior Statutory Auditor)
for and on behalf of PricewaterhouseCoopers LLP
Chartered Accountants and Statutory Auditors
Newcastle upon Tyne
5 December 2012
Financial statements
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The Sage Group plc | Annual Report & Accounts 2012