The Companies Act 1990 is amended in section 193 by substituting the following for subsection (4):
“(4) The auditors' report shall include -
(a) an introduction identifying the individual accounts, and where appropriate, the group accounts, that are the subject of the audit and the financial reporting framework that has been applied in their preparation, and
(b) a description of the scope of the audit identifying the auditing standards in accordance with which the audit was conducted.
(a) Except in the case of a company that has taken advantage of any of the provisions of Part III of the Sixth Schedule to the Principal Act, the auditors' report shall state clearly whether in the auditors' opinion the annual accounts have been properly prepared in accordance with the requirements of the Companies Acts (and, where applicable, Article 4 of the IAS Regulation).
(b) In the case of a company that has taken advantage of any of the provisions of Part III of the Sixth Schedule to the Pri
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