💷 Accounts warranties

About this category

A warranty is a guarantee that a product or service will meet certain standards. In the case of a warranty, the law requires that the company live up to the promises made in the warranty. If the company does not, the consumer may be entitled to a refund or replacement.

💷 Accounts warranties

templates

Share Purchase IFRS Account Warranties

The warranties for accounts prepared under new UK GAAP and IFRS in a share purchase agreement cover the consolidated accounts of the target company and its subsidiaries.

What to watch out for

That the accounts have been prepared in accordance with IFRS

That the accounts give a true and fair view of the financial position of the company

That the accounts have been prepared in accordance with the requirements of the Companies Act

That the accounts comply with the requirements of any other relevant legislation

Publisher

Genie AI

Jurisdiction

England and Wales

Use this template

Associated business activities

Prepare accounts

1. Accounts warranties are given by accountants to their clients in order to protect them from any losses that might occur as a result of relying on incorrect or misleading financial information. 2. Accounts warranties can also be used by businesses to protect themselves from potential legal action if they are found to have misrepresented their financial position. 3. Finally, accounts warranties can provide some level of protection for investors who might otherwise suffer losses if a company's financial statements are found to be inaccurate.

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Legal firms who might be able to help

Note: Although we list lawyers as well as legal firms who may be able to help, this does not indicate that the listed law firms have an affiliation or partnership with Genie AI.