1. The statutory auditor shall present the results of the statutory audit of the public-interest entity in an audit report.

2. The audit report shall be prepared in accordance with the the public interest entity audit reporting requirements and in addition shall at least:

(a) state by whom or by which body the statutory auditor was appointed;

(b) indicate the date of the appointment and the period of total uninterrupted consecutive reappointments of the statutory auditor;

(c) provide, in support of the audit opinion, the following:

(i) a description of the most significant assessed risks of material misstatement, including assessed risks of material misstatement due to fraud;

(ii) a summary of the auditor's response to those risks; and

(iii) where relevant, key observations arising with respect to those risks.

Where relevant to the above information provided in the audit report concerning each significant assessed risk of material misstatement, the audit report shall include a clear reference to the relevant disclosures in the accounts.

(d) explain to what extent the statutory audit was considered capable of detecting irregularities, including fraud;