Clause 41

by inserting, immediately after subsection (1), the following subsection:“(1A) A report by an auditor of a company under subsection (1) shall be furnished by the auditor to the directors of the company in sufficient time to enable the company to comply with the requirements of section 203(1) in relation to that report.”;

by deleting the words “so as to give a true and fair view of the company’s affairs” in the second and third lines of subsection (2)(a)(ii) and substituting the words “so as in the case of a balance-sheet to give a true and fair view of the company’s affairs and in the case of a profit and loss account to give a true and fair view of the company’s profit or loss”;

by deleting the word “and” at the end of subsection (3)(c);

by deleting the comma at the end of subsection (3)(d) and substituting the word “; and”; and

by inserting, immediately after subsection (3)(d), the following paragraph:“(e)where consolidated accounts are prepared otherwise than as one set of consolidated accounts for the group, whether he agrees with the reasons for preparing them in the form in which they are prepared, as given by the directors in the accounts,”.