PART IINTRODUCTORY
Title and commencement1
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interpretation2
F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART IICOMPANY ACCOUNTS
Introduction
Introduction3
F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Provisions applying to companies generally
Accounting records4
F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A company's financial year and accounting reference periods5
F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Individual company accounts6
F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Group accounts7
F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Additional disclosure required in notes to accounts8
F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Approval and signing of accounts9
F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Directors' report10
F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Auditors' report11
F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Publication of accounts and reports12
F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Laying and delivering of accounts and reports13
F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Remedies for failure to comply with accounting requirements14
F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Exemptions and special provisions
Small and medium‐sized companies and groups15
F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dormant companies16
F17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Public listed companies: provision of summary financial statement17
F18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Private companies: election to dispense with laying of accounts and reports before general meeting18
F19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unlimited companies: exemption from requirement to deliver accounts and reports19
F20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Banking and insurance companies and groups: special provisions20
F21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplementary provisions
Accounting standards21
F22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Power to alter accounting requirements22
F23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Parent and subsidiary undertakings23
F24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other interpretation provisions24
F25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Article 25—Amendments
Article 26—Repeals
PART III F56ELIGIBILITY FOR APPOINTMENT AS COMPANY AUDITOR
Introduction
Introduction27
F26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Eligibility for appointment
Eligibility for appointment28
F27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Effect of appointment of partnership29
F28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ineligibility on ground of lack of independence30
F29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Effect of ineligibility31
F30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Power of Department to require second audit32
F31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Recognition of supervisory bodies and professional qualifications
Supervisory bodies33
F32. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Meaning of “appropriate qualification”34
F33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Qualifying bodies and recognised professional qualifications35
F34. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Approval of overseas qualifications36
F35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Duties of recognised bodies
The register of auditors37
F36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Information about firms to be available to public38
F37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Matters to be notified to the Department39
F38. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Power to call for information40
F39. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Compliance orders41
F40. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Directions to comply with international obligations42
F41. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Offences
False and misleading statements43
F42. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Offences by bodies corporate, partnerships and unincorporated associations44
F43. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Time limits for prosecution of offences45
F44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Jurisdiction and procedure in respect of offences46
F45. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplementary provisions
Fees47
F46. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Delegation of functions of Department48
F47. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Art. 49 rep. by 2004 c. 27
Exemption from liability for damages50
F49. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Service of notices51
F50. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Power to make consequential amendments52
F51. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Power to make provision in consequence of changes affecting accountancy bodies53
F52. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Meaning of “associate”54
F53. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Minor definitions55
F54. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Index of defined expressions56
F55. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Article 57—Repeals
mod. by SI 2005/18