This excerpt taken from the ICI 6-K filed Mar 21, 2007.
Respective responsibilities of Directors and Auditors
The Directors responsibilities for preparing the Annual Report, the Directors Remuneration report and the parent company accounts in accordance with applicable law and UK Accounting Standards (UK Generally Accepted Accounting Practice) are set out in the Statement of Directors responsibilities on page 57.
Our responsibility is to audit the parent company accounts and the part of the Directors Remuneration report to be audited in accordance with relevant legal and regulatory requirements and International Standards on Auditing (UK and Ireland).
We report to you our opinion as to whether the parent company accounts give a true and fair view and whether the parent company accounts and the part of the Directors Remuneration report to be audited have been properly prepared in accordance with the Companies Act 1985. We also report to you whether in our opinion the information given in the Directors report is consistent with the parent company accounts. In addition, we report to you if, in our opinion, the Company has not kept proper accounting records, if we have not received all the information and explanations we require for our audit, or if information specified by law regarding Directors remuneration and other transactions is not disclosed.
We read the other information contained in the Annual Report and consider whether it is consistent with the audited parent company accounts. We consider the implications for our report if we become aware of any apparent misstatements or material inconsistencies with the parent company accounts. Our responsibilities do not extend to any other information.