E.2 Assessment procedures - Club Licensing

E.2.1

The auditor must audit the annual financial statements. The auditor’s report must:

1. include a statement confirming that the audit was conducted in accordance with the International Standards on Auditing or relevant national auditing standards or practices where these comply with, as a minimum, the requirements of the International Standards on Auditing; and

2. be submitted to the licensor together with the annual financial statements to form a basis for the licensing decision.

E.2.2

The auditor must assess supplementary information. The auditor’s report of factual findings must:

1. describe the procedures prescribed by the licensor and the findings in respect of each;

2. include a statement confirming that the assessment was conducted by way of agreed-upon procedures according to ISRS 4400 or relevant national standards or practices where these comply with, as a minimum, the requirements of ISRS 4400; and

3. be submitted to the licensor together with the supplementary information to form a basis for the licensing decision.

E.2.3

The auditor must assess the profit and loss accounts as specified in Paragraph 58.05. The auditor’s report of factual findings must:

1. describe the procedures prescribed by the licensor and the findings in respect of each;

2. include a statement confirming that the assessment was conducted by way of agreed-upon procedures according to ISRS 4400 or relevant national standards or practices where these comply with, as a minimum, the requirements of ISRS 4400; and

3. be submitted to the licensor together with the profit and loss account to form a basis for the licensing decision.