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

Annotations:
Amendments (Textual)
F56

mod. by SI 2005/18

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