Page 51 - RFU Annual Report 2018

4
FINANCIAL STATEMENTS

9

An overview of the scope of information. If, based on the work we fraud or error, and to issue an auditor’s
our audit have performed, we conclude that there report that includes our opinion.
is a material misstatement of this other Reasonable assurance is a high level
Our audit involved obtaining evidence information, we are required to report of assurance, but is not a guarantee
about the amounts and disclosures that fact. that an audit conducted in accordance
in the financial statements sufficient with ISAs (UK) will always detect a
to give reasonable assurance that the We have nothing to report in this regard. material misstatement when it exists.
financial statements are free from Misstatements can arise from fraud
material misstatement, whether caused Matters on which we are or error and are considered material
by fraud or error. The risks of material required to report by exception if, individually or in the aggregate,
misstatement that had the greatest effect they could reasonably be expected
on our audit, including the allocation of We have nothing to report in respect to influence the economic decisions
our resources and effort, are discussed of the following matters here the of users taken on the basis of these
under “Key audit matters” within this Co-operative and Community Benefit financial statements.
report. Societies Act 2014 requires us to report
to you if, in our opinion: A further description of our
Our audit scope included an audit of the responsibilities for the audit of the
Group and Parent financial statements a satisfactory system of control over financial statements is located on the
of the Rugby Football Union. Our transactions has not been maintained; Financial Reporting Council’s website at
Group audit was scoped by obtaining or www.frc.org.uk/auditorsresponsibilities.
an understanding of the Group and its the Parent entity has not kept proper This description forms part of our
environment, including Group-wide books of account; auditor’s report.
controls, and assessing the risks of or
material misstatement at the Group the financial statements are not in Use of the audit report
level. Based on that assessment, all agreement with the books of account;
entities within the Group were subject or This report is made solely to the
to full scope audit and was performed we have not received all the Rugby Football Union’s members as a
by the Group audit team. At the Parent information and explanations we body in accordance with Part 7 of the
level we also tested the consolidation require for our audit. Co-operative and Community Benefit
process and carried out analytical Societies Act 2014. Our audit work has
procedures to confirm our conclusion Responsibilities of Directors been undertaken so that we might state
that there were no significant risks of to the Rugby Football Union’s members
material misstatement of the aggregated As explained more fully in the directors’ those matters we are required to state
financial information. responsibilities statement set out on to them in an auditor’s report and for
page 46 the directors are responsible no other purpose. To the fullest extent
Other information for the preparation of the financial permitted by law, we do not accept or
statements and for being satisfied that assume responsibility to anyone other
The directors are responsible for the they give a true and fair view, and for than the Rugby Football Union and the
other information. The other information such internal control as the directors Rugby Football Union’s members as a
comprises the information included determine is necessary to enable the body for our audit work, for this report,
in the Annual Report other than the preparation of financial statements that or for the opinions we have formed.
financial statements and our auditor’s are free from material misstatement,
report thereon. Our opinion on the whether due to fraud or error.
financial statements does not cover the
other information and, except to the In preparing the financial statements,
extent otherwise explicitly stated in our the directors are responsible for
report, we do not express any form of assessing the Group’s and the Parent’s
assurance conclusion thereon. ability to continue as a going concern,
disclosing, as applicable, matters
In connection with our audit of the related to going concern and using William Neale Bussey
financial statements, our responsibility the going concern basis of accounting (Senior Statutory Auditor)
is to read the other information and, in unless the directors either intend to
doing so, consider whether the other liquidate the Group or the Parent or to For and on behalf of
information is materially inconsistent cease operations, or have no realistic Mazars LLP
with the financial statements or our alternative but to do so. Chartered Accountants and Statutory
knowledge obtained in the audit or Auditor
otherwise appears to be materially Auditor’s responsibilities for the Tower Bridge House
misstated. If we identify such material audit of the financial statements St. Katharine’s Way
inconsistencies or apparent material London E1W 1DD
misstatements, we are required to Our objectives are to obtain reasonable
determine whether there is a material assurance about whether the financial Date: 20 November 2018
misstatement in the financial statements statements as a whole are free from
or a material misstatement of the other material misstatement, whether due to

Annual
Report
2018