REG - IP Group PLC - Half-year Report <Origin Href="QuoteRef">IPO.L</Origin> - Part 3

IPAnnouncement

18/07/2017 07:07

- Part 3: For the preceding part double click  ID:nRSR3123Lb 

the directors on 30 July 2014. The period of
total uninterrupted engagement is the 3 years ended 31 December 2016. We have
fulfilled our ethical responsibilities under, and we remain independent of the
Group in accordance with, UK ethical requirements including the FRC Ethical
Standard as applied to listed public interest entities. No non-audit services
prohibited by that standard were provided. 
 
Going concern 
 
We are required to report to you if we have concluded that the use of the
going concern basis of accounting is inappropriate or there is an undisclosed
material uncertainty that may cast significant doubt over the use of that
basis for a period of at least twelve months from the date of approval of the
non-statutory accounts.  We have nothing to report in these respects. 
 
Other information 
 
The directors are responsible for the other information contained in the
half-yearly financial report. Our opinion on the condensed set of financial
statements in the half-yearly report of the Company does not cover the other
information and, accordingly, we do not express an audit opinion or any form
of assurance conclusion thereon. 
 
Our responsibility is to read the other information and, in doing so, consider
whether, based on our audit work on the condensed set of financial statements,
the information therein is materially misstated or inconsistent with the
condensed set of financial statements in the half-yearly report of the Company
or our audit knowledge. Based solely on that work, we have not identified
material misstatements in the other information. 
 
Directors' responsibilities 
 
As explained more fully in their statement set out on page 29, the directors
are responsible for: the preparation of the half yearly financial report in
accordance with the DTR of the UK FCA.  As disclosed in the accounting
policies note, the annual financial statements of the Group are prepared in
accordance with IFRSs as adopted by the EU and the accounting policies
disclosed in the 31 December 2016 financial statements, which are the
accounting policies expected to be applied in preparing the 31 December 2017
financial statements. The condensed set of financial statements included in
this half-yearly financial report has been prepared in accordance with IAS 34
Interim Financial Reporting as adopted by the EU. 
 
The directors are also responsible for: determining that the basis of
preparation is acceptable in the circumstances; such internal control as they
determine is necessary to enable the preparation of a condensed set of
financial statements that is free from material misstatement, whether due to
fraud or error; assessing the Company's ability to continue as a going
concern, disclosing, as applicable, matters related to going concern; and
using the going concern basis of accounting unless they either intend to
liquidate the company or to cease operations, or have no realistic alternative
but to do so. 
 
Auditor's responsibilities 
 
Our objectives are to obtain reasonable assurance about whether the condensed
set of financial statements in the half-yearly report of the Company as a
whole is free from material misstatement, whether due to fraud, other
irregularities or error, and to issue our opinion in an auditor's report. 
Reasonable assurance is a high level of assurance, but does not guarantee that
an audit conducted in accordance with ISAs (UK) will always detect a material
misstatement when it exists.  Misstatements can arise from fraud, other
irregularities or error and are considered material if, individually or in
aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of the condensed set of financial
statements in the half-yearly report of the Company. The risk of not detecting
a material misstatement resulting from fraud or other irregularities is higher
than for one resulting from error, as they may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control
and may involve any area of law and regulation not just those directly
affecting the financial statements. 
 
A fuller description of our responsibilities is provided on the FRC's website
at www.frc.org.uk/auditorsresponsibilities. 
 
The purpose of our audit work and to whom we owe our responsibilities 
 
This report is made solely to the Company in accordance with the terms of our
engagement to assist the Company in meeting the requirements of the DTR of the
UK FCA. Our audit has been undertaken so that we might state to the Company
those matters we are required to state to it in this report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the Company for our audit work, for this
report, or for the conclusions we have reached. 
 
Jonathan Mills 
 
for and on behalf of KPMG LLP 
 
Chartered Accountants 
 
15 Canada Square 
 
London E14 5GL 
 
17 July 2017 
 
This information is provided by RNS
The company news service from the London Stock Exchange