Auditors' reports

Balfour Beatty plc Monitor

Balfour Beatty plc Annual Report 2017
CR Monitor Issue: 
2018/1011
Company covered: 
Balfour Beatty plc
Period End: 
31 December, 2017
Report issued on 16 October 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Change
Separate sections outlining director and auditor responsibilities included in auditors' report.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 9 "Financial instruments" and IFRS 15 "Revenue from contracts with customers".
Restatement
Restatement of comparative income statement following classification of businesses disposed as discontinued operations.
Change
Changes in pensions discount rate calculation methodology results in recognition of actuarial gain.
Change
Recognition of adjusting post-balance sheet event linked to liquidation of Carillion.

UBM plc Monitor

UBM plc Annual Report 2017
CR Monitor Issue: 
2018/1012
Company covered: 
UBM plc
Period End: 
31 December, 2017
Report issued on 16 October 2018 covered the following practice issues:
Change
Discussion of a new key audit matter included in audit report.
Change
Separate sections outlining director and auditor responsibilities included in auditors' report.
Restatement
Finalisation of prior year business combination amounts results in prior year adjustments.
Change
Changes recognised in respect of operating segments following disposal.
Change
Deferred tax changes recognised following changes to US tax legislation.
Change
Re-appraisal of brands acquired in the previous year resulting in an increase in the useful economic life.

Babcock International Group Monitor

Babcock International Group Annual Report 2018
CR Monitor Issue: 
2018/1013
Company covered: 
Babcock International Group
Period End: 
31 March, 2018
Report issued on 16 October 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the expected impacts of IFRS 9 "Financial instruments" and IFRS 15 "Revenue from contracts with customers".
Change
Changes made in segment reporting structure to enhance transparency.
Change
Discussion of key audit matters included in auditors report.
Change
Separate sections outlining director and auditor responsibilities included in audit report.

Experian plc Monitor

Experian plc Annual Report 2018
CR Monitor Issue: 
2018/1014
Company covered: 
Experian plc
Period End: 
31 March, 2018
Report issued on 16 October 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the expected impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases".
Change
Disclosure of changes to segmental reporting disclosures.
Change
Discussion of key audit matters included in audit report.
Change
Reassessment of deferred tax linked to reduction in US tax rate.
Change
Introduction of related party disclosures in respect of associated undertaking.

Bovis Homes Group plc Monitor

Bovis Homes Group plc Annual Report 2017
CR Monitor Issue: 
2018/1007
Company covered: 
Bovis Homes Group plc
Period End: 
31 December, 2017
Report issued on 09 October 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Change
Separate sections outlining director and auditor responsibilities included in auditors' report.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers", and IFRS 16 "Leases".
Restatement
Change in classification of costs leads to prior year adjustment to comparatives.
Change
Exceptional items highlighted within a separate line item on the face of the income statement.
Change
Inclusion of a table disclosing a maturity analysis of operating lease payment commitments.

J Sainsbury PLC Monitor

J Sainsbury PLC Annual Report Year
CR Monitor Issue: 
2018/1006
Company covered: 
J Sainsbury PLC
Period End: 
31 March, 2018
Report issued on 09 October 2018 covered the following practice issues:
Change
Inclusion of separate sections in the audit report discussing directors and auditors responsibilities and key audit matters.
Change
Net debt analysis extended to include a reconciliation of movements in liabilities arising from financing activities.
Change
Disclosure in respect of significant post balance sheet business combination.
Change
Extended dis-aggregation in respect of the disclosure of finance income and costs.
Restatement
Prior year business combination amounts finalised leads to an increase in goodwill.

Computacenter Plc Monitor

Computacenter Plc Annual Report 2017
CR Monitor Issue: 
2018/1008
Company covered: 
Computacenter Plc
Period End: 
31 December, 2017
Report issued on 09 October 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of the impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers" and IFRS 16 "Leases".
Change
Changes made in internal segmental reporting structure.
Change
Discussion of key audit matters included within auditors report.

Rathbone Brothers plc Monitor

Rathbone Brothers plc Annual Report 2017
CR Monitor Issue: 
2018/1010
Company covered: 
Rathbone Brothers plc
Period End: 
31 December, 2017
Report issued on 09 October 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Change
Separate sections outlining director and auditor responsibilities included in auditors' report.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers", and IFRS 16 "Leases".
Change
Recognition of provision for onerous lease in respect of head office.
Change
Recognition of defined benefit pension gain linked to plan amendment.
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of amendment to IAS 7 "Statement of cash flows".

Greggs PLC Monitor

Greggs PLC Annual Report 2017
CR Monitor Issue: 
2018/1009
Company covered: 
Greggs PLC
Period End: 
30 December, 2017
Report issued on 09 October 2018 covered the following practice issues:
Change
Separate discussion of director and auditor responsibilities and key audit matters in the audit report.
Change
Disclosure of post balance sheet disposal of vacant site.
Change
Change in defined benefit pension liability after taking into account new assumption in respect of the commutation of benefits.
Change
Separate alternative performance measures section added.
Change
Change in disclosure of key management remuneration.

British Land Company PLC Monitor

British Land Company PLC Annual Report 2018
CR Monitor Issue: 
2018/1001
Company covered: 
British Land Company PLC
Period End: 
31 March, 2018
Report issued on 1 October 2018 covered the following practice issues:
Change
Inclusion of separate sections in the audit report discussing the responsibilities of directors and auditors.
Pronouncements
Disclosure of the impacts of IFRS 9 "Financial instruments".
Change
Presentation of a reconciliation of segment gross rental income to the consolidated revenue.
Change
Extended analysis of other investment classes.