BP 2015 Annual Report Download - page 104

Opinion on other matters prescribed by the Companies Act 2006
In our opinion:
• the part of the Directors’ remuneration report to be audited has been properly prepared in accordance with the Companies Act 2006; and
• the information given in the Strategic report and the Directors’ report for the financial year for which the financial statements are prepared is
consistent with the financial statements.
Matters on which we are required to report by exception
ISAs (UK and Ireland) reporting We are required to report to you if, in our opinion, financial and non-financial
information in the annual report is:
• materially inconsistent with the information in the audited financial statements; or
• apparently materially incorrect based on, or materially inconsistent with, our
knowledge of the group acquired in the course of performing our audit; or
• otherwise misleading.
In particular, we are required to report whether we have identified any
inconsistencies between our knowledge acquired in the course of performing the
audit and the directors’ statement that they consider the annual report and accounts
taken as a whole is fair, balanced and understandable and provides the information
necessary for shareholders to assess the entity’s position and performance, business
model and strategy; and whether the annual report appropriately addresses those
matters that we communicated to the audit committee that we consider should have
been disclosed.
We have no
exceptions to report.
Companies Act 2006 reporting We are required to report to you if, in our opinion:
• adequate accounting records have not been kept by the parent company, or
returns adequate for our audit have not been received from branches not visited by
us; or
• the parent company financial statements and the part of the Directors’
remuneration report to be audited are not in agreement with the accounting
records and returns; or
• certain disclosures of directors’ remuneration specified by law are not made; or
• we have not received all the information and explanations we require for our audit.
We have no
exceptions to report.
Listing Rules review requirements We are required to review:
• the directors’ statement in relation to going concern, set out on page 94, and
longer-term viability, set out on page 94; and
• the part of the Corporate governance statement relating to the company’s
compliance with the provisions of the UK Corporate Governance Code specified
for our review.
We have no
exceptions to report.
Statement on the directors’ assessment of the principal risks that would threaten the solvency or liquidity of the entity
ISAs (UK and Ireland) reporting We are required to give a statement as to whether we have anything material to add
or to draw attention to in relation to:
• the directors’ confirmation in the annual report that they have carried out a robust
assessment of the principal risks facing the entity, including those that would
threaten its business model, future performance, solvency or liquidity;
• the disclosures in the annual report that describe those risks and explain how they
are being managed or mitigated;
• the directors’ statement in the Directors’ report (Directors’ statements, page 94)
about whether they considered it appropriate to adopt the going concern basis of
accounting in preparing them, and their identification of any material uncertainties
to the entity’s ability to continue to do so over a period of at least twelve months
from the date of approval of the financial statements; and
• the directors’ explanation in the annual report as to how they have assessed the
prospects of the entity, over what period they have done so and why they consider
that period to be appropriate, and their statement as to whether they have a
reasonable expectation that the entity will be able to continue in operation and
meet its liabilities as they fall due over the period of their assessment, including
any related disclosures drawing attention to any necessary qualifications or
assumptions.
We have nothing
material to add or to
draw attention to.
John C. Flaherty (Senior Statutory Auditor)
for and on behalf of Ernst & Young LLP, Statutory Auditor
London
4 March 2016
1. The maintenance and integrity of the BP p.l.c. web site is the responsibility of the directors; the work carried out by the auditors does not involve consideration of
these matters and, accordingly, the auditors accept no responsibility for any changes that may have occurred to the financial statements since they were initially
presented on the web site.
2. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
100 BP Annual Report and Form 20-F 2015
This page does not form part of BP’s Annual Report on Form 20-F as filed with the SEC