Page 46 - RFU Annual Report 2017

44
Financial Statements

Independent Auditor’s Report Our responsibility is to audit and A further description of our
to the Members of the Rugby express an opinion on the financial responsibilities for the audit of the
Football Union (continued) statements in accordance with financial statements is located on
applicable law and International the Financial Reporting Council’s
Auditor’s responsibilities for the Standards on Auditing (UK). Those website at www.frc.org.uk/
audit of the financial statements standards require us to comply with auditorsresponsibilities.
the Financial Reporting Council’s This description forms part of
Our objectives are to obtain Ethical Standard. This report is made our Auditor’s report.
reasonable assurance about whether solely to the Rugby Football Union’s
the financial statements as a whole members as a body in accordance
are free from material misstatement, with Part 7 of the Co-operative
whether due to fraud or error, and to and Community Benefit Societies
issue an auditor’s report that includes Act 2014. Our audit work has been
our opinion. Reasonable assurance undertaken so that we might state to
is a high level of assurance, but the Rugby Football Union’s members William Neale Bussey
is not a guarantee that an audit those matters we are required to state (Senior Statutory Auditor)
conducted in accordance with ISAs to them in an auditor’s report and
(UK) will always detect a material for no other purpose. To the fullest For and on behalf of
misstatement when it exists. extent permitted by law, we do not
Misstatements can arise from fraud accept or assume responsibility Mazars LLP
or error and are considered material to anyone other than the Rugby Chartered Accountants and
if, individually or in the aggregate, Football Union and the Rugby Statutory Auditor
they could reasonably be expected Football Union’s members as a body Tower Bridge House
to influence the economic decisions for our audit work, for this report, or St. Katharine’s Way
of users taken on the basis of these for the opinions we have formed. London E1W 1DD
financial statements.
Date: 29 November 2017

Annual Report 2017