275. Interpretation (Part 6): other definitions and construction provisions

(1) In this Part and Part 26 -

"Accounting Directive" means Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 [OJ No. L 182, 29.06.2013, p.19.] on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC;

"accounting standards" means - (a) statements of accounting standards, and (b) any written interpretation of those standards, issued by a body or bodies prescribed for the purposes of this definition under section 943(1)(h);

"amount of turnover", in relation to a company, means the amount of the turnover shown in the company's profit and loss account;

"associated undertaking" has the meaning given to it by paragraph 21 of Schedule 4 or 4A, as the case may be;

"audit committee" means the committee established under section 167;

"audit exemption", un

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