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Standard Chartered PLC.

BSE: 580001 Sector: Financials
NSE: STAN ISIN Code: INE028L21018
BSE 15:44 | 16 Jan 69.30 -2.85






NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 71.10
52-Week high 73.45
52-Week low 50.65
P/E 1.59
Mkt Cap.(Rs cr) 4,683
Buy Price 0.00
Buy Qty 0.00
Sell Price 69.30
Sell Qty 132.00
OPEN 71.10
CLOSE 72.15
52-Week high 73.45
52-Week low 50.65
P/E 1.59
Mkt Cap.(Rs cr) 4,683
Buy Price 0.00
Buy Qty 0.00
Sell Price 69.30
Sell Qty 132.00

Standard Chartered PLC. (STAN) - Auditors Report

Company auditors report

Independent Auditor’s Report

To the members of Standard Chartered PLC

We have audited the financial statements of the Group (Standard Chartered PLC and itssubsidiaries) and Company (Standard Chartered PLC) (together referred to as the financialstatements) for the year ended 31 December 2011 set out on pages 163 to 235. The financialreporting framework that has been applied in their preparation is applicable law andInternational Financial Reporting Standards (IFRSs) as adopted by the EU and as regardsthe parent company financial statements as applied in accordance with the provisions ofthe Companies Act 2006.

This report is made solely to the Company’s members as a body in accordance withChapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so thatwe might state to the Company’s members those matters we are required to state tothem in an auditor’s report and for no other purpose. To the fullest extent permittedby law we do not accept or assume responsibility to anyone other than the Company and theCompany’s members as a body for our audit work for this report or for theopinions we have formed.

Respective responsibilities of directors and auditors

As explained more fully in the Statement of directors’ responsibilities set out onpage 159 the directors are responsible for the preparation of the financial statementsand for being satisfied that they give a true and fair view. Our responsibility is toaudit and express an opinion on the financial statements in accordance with applicablelaw and International Standards on Auditing (UK and Ireland). Those standards require usto comply with the Auditing Practices Board’s (APB’s) Ethical Standards forAuditors.

Scope of the audit of the financial statements

A description of the scope of an audit of financial statements is provided on theAPB’s website at

Opinion on financial statements

In our opinion:

• The financial statements give a true and fair view of the state of theGroup’s and of the Company’s affairs as at 31 December 2011 and of theGroup’s profit for the year then ended;

• The Group financial statements have been properly prepared in accordance withIFRSs as adopted by the EU;

• The Company financial statements have been properly prepared in accordance withIFRSs as adopted by the EU and as applied in accordance with the provisions of theCompanies Act 2006; and

• The financial statements have been prepared in accordance with the requirementsof the Companies Act 2006 and as regards the Group financial statements Article 4 of theIAS Regulation.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion:

• The part of the Directors’ remuneration report to be audited has beenproperly prepared in accordance with the Companies Act 2006; and

• The information given in the Report of the directors which include informationpresented in the Chairman’s statement the Group Chief Executive’s review andthe Financial and Business reviews that are cross referenced from the Report of thedirectors for the financial year for which the financial statements are prepared isconsistent with the financial statements; and

• Information given in the Corporate Governance section set out on pages 98 to 125with respect to internal control and risk management systems in relation to financialreporting processes and about share capital structures is consistent with the financialstatements.

Matters on which we are required to report by exception

We have nothing to report in respect of the following:

Under the Companies Act 2006 we are required to report to you if in our opinion:

• Adequate accounting records have not been kept by the parent company or returnsadequate for our audit have not been received from branches not visited by us; or

• The parent company financial statements and the part of the Report of directorsto be audited are not in agreement with the accounting records and returns; or

• Certain disclosures of directors’ remuneration specified by law are notmade; or

• We have not received all the information and explanations we require for ouraudit; or

• A Corporate Governance Statement has not been prepared by the company.

Under the Listing Rules we are required to review:

• The Report of the directors set out on page 153 in relation to going concern

• The part of the Corporate Governance section pages 98 to 125 relating to theCompany’s compliance with the nine provisions of the UK Corporate Governance Codespecified for our review; and

• Certain elements of the report to shareholders by the Board on directors’remuneration.

John E Hughes (Senior Statutory Auditor)

for and on behalf of KPMG Audit Plc Statutory Auditor

Chartered Accountants

15 Canada Square

London E14 5GL

29 February 2012