The Companies (Disclosure of Auditor Remuneration and Liability Limitation Agreements) (Amendment) Regulations 2011 were laid before Parliament on 8 September and come into force on 1 October: see here or here (pdf). An explanatory memorandum is available here (pdf).The Regulations provide a new classification of audit and non-audit services, replacing that found in the Companies (Disclosure of Auditor Remuneration and Liability Limitation Agreements) Regulations 2008 and used by large companies and groups for the purposes of the disclosure of fees paid to their auditor. The classification is intended to be linked more clearly to that found in Directives 78/660/EEC and 83/349/EEC and the APB's Revised Ethical Standards for Auditors.
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