Last month the Department for Business, Innovation and Skills published a consultation paper in respect of the legislation necessary to implement the changes that have been made to the EU statutory audit framework: see here (pdf). A draft of the proposed Statutory Auditors and Third Country Auditors Regulations 2016 was also published. This draft has since been updated and now includes the proposed amendments to chapter 4 ("Removal, resignation etc of auditors") of Part 16 of the Companies Act 2006: see here (pdf).
Tuesday, 24 November 2015
UK: audit reform legislation - updated regulations published
Last month the Department for Business, Innovation and Skills published a consultation paper in respect of the legislation necessary to implement the changes that have been made to the EU statutory audit framework: see here (pdf). A draft of the proposed Statutory Auditors and Third Country Auditors Regulations 2016 was also published. This draft has since been updated and now includes the proposed amendments to chapter 4 ("Removal, resignation etc of auditors") of Part 16 of the Companies Act 2006: see here (pdf).
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