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The Companies (Revision of Defective Accounts and Reports) Regulations 2008

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3.—(1) Subject to regulation 19(1), the provisions of the 2006 Act and, where applicable, Article 4 of the IAS Regulation as to the matters to be included in the annual accounts of a company apply to revised accounts as if the revised accounts were prepared and approved by the directors as at the date of the original annual accounts.

(2) In particular—

(a)in the case of Companies Act accounts—

(i)section 393 of the 2006 Act (accounts to give true and fair view),

(ii)section 396(2) of that Act (Companies Act individual accounts: true and fair view), and

(iii)section 404(2) of that Act (Companies Act group accounts: true and fair view), and

(b)in the case of IAS accounts, section 393 of the 2006 Act and international accounting standards,

apply so as to require a true and fair view to be shown in the revised accounts of the matters referred to in those accounts, viewed as at the date of the original annual accounts.

(3) In the case of Companies Act accounts, paragraph 13(b) of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008 or (where applicable) paragraph 13(b) of Schedule 1 to the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 apply to revised accounts as if the reference in those paragraphs to the date on which the accounts were signed was to the date of the original annual accounts.

(4) The provisions of the 2006 Act as to the matters to be included in a directors’ report or directors’ remuneration report apply to a revised report as if the revised report was prepared and approved by the directors of the company as at the date of the original directors’ report or directors’ remuneration report.

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