1. UK Company Law
  2. Legislation (UK)
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  4. 2006
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  1. Companies Act 2006 (c. 46)
  2. Part 16 Audit (ss. 475-539)
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Part 16 Audit (ss. 475-539)

Comparing proposed amendment...
Chapter 1 Requirement for audited accounts (ss. 475-484)
Requirement for audited accounts (ss. 475-476)
Partly in force
 475. Requirement for audited accounts
In force
 476. Right of members to require audit
Exemption from audit: small companies (ss. 477-479)
In force
 477. Small companies: conditions for exemption from audit
In force
 478. Companies excluded from small companies exemption
In force
 479. Availability of small companies exemption in case of group company
Exemption from audit: qualifying subsidiaries (ss. 479A-479C)
In force
 479A. Subsidiary companies: conditions for exemption from audit
In force
 479B. Companies excluded from the subsidiary companies audit exemption
In force
 479C. Subsidiary companies audit exemption: parent undertaking declaration of guarantee
Exemption from audit: dormant companies (ss. 480-481)
In force
 480. Dormant companies: conditions for exemption from audit
In force
 481. Companies excluded from dormant companies exemption
Companies subject to public sector audit (ss. 482-483)
In force
 482. Non-profit-making companies subject to public sector audit
In force
 483. Scottish public sector companies: audit by Auditor General for Scotland
General power of amendment by regulations (s. 484)
In force
 484. General power of amendment by regulations
Chapter 2 Appointment of auditors (ss. 485-494)
Private companies (ss. 485-488)
In force
 485. Appointment of auditors of private company: general
In force
 485A. Appointment of auditors of private company: additional requirements for public interest entities with audit committees
In force
 485B. Appointment of auditors of private company: additional requirements for public interest entities without audit committees
In force
 485C. Restriction on appointment of auditor of private company which is a public interest entity
In force
 486. Appointment of auditors of private company: default power of Secretary of State
In force
 486A. Defective appointments: default power of Secretary of State
In force
 487. Term of office of auditors of private company
Omitted
 487A. Maximum engagement period: transitional arrangements
In force
 488. Prevention by members of deemed re-appointment of auditor
Public companies (ss. 489-491A)
In force
 489. Appointment of auditors of public company: general
In force
 489A. Appointment of auditors of public company: additional requirements for public interest entities with audit committees
In force
 489B. Appointment of auditors of public company: additional requirements for public interest entities without audit committees
In force
 489C. Restriction on appointment of auditor of public company which is a public interest entity
In force
 490. Appointment of auditors of public company: default power of Secretary of State
In force
 490A. Defective appointments: default power of Secretary of State
In force
 491. Term of office of auditors of public company
Omitted
 491A. Maximum engagement period: transitional arrangements
General provisions (ss. 492-494A)
In force
 492. Fixing of auditor's remuneration
In force
 493. Disclosure of terms of audit appointment
In force
 494. Disclosure of services provided by auditor or associates and related remuneration
In force
 494A. Interpretation
In force
 494ZA. The maximum engagement period
Chapter 3 Functions of auditor (ss. 495-509)
Auditor's report (ss. 495-497A)
In force
 495. Auditor's report on company's annual accounts
In force
 496. Auditor's report on strategic report and director's report
In force
 497. Auditor's report on auditable part of directors' remuneration report
In force
 497A. Auditor's report on separate corporate governance statement
Duties and rights of auditors (ss. 498-502)
In force
 498. Duties of auditor
In force
 498A. Auditor's duties in relation to separate corporate governance statement
In force
 499. Auditor's general right to information
In force
 500. Auditor's right to information from overseas subsidiaries
In force
 501. Auditor's rights to information: offences
In force
 502. Auditor's rights in relation to resolutions and meetings
Signature of auditor's report (ss. 503-506)
In force
 503. Signature of auditor's report
In force
 504. Senior statutory auditor
In force
 505. Names to be stated in published copies of auditor's report
In force
 506. Circumstances in which names may be omitted
Offences in connection with auditor's report (ss. 507-509)
In force
 507. Offences in connection with auditor's report
In force
 508. Guidance for regulatory and prosecuting authorities: England, Wales and Northern Ireland
In force
 509. Guidance for regulatory authorities: Scotland
Chapter 4 Removal, resignation, etc of auditors (ss. 510-526)
Removal of auditor (ss. 510-513)
In force
 510. Resolution removing auditor from office
In force
 511. Special notice required for resolution removing auditor from office
In force
 511A. Public interest companies: application to court to remove auditor from office
Omitted
 512. Notice to registrar of resolution removing auditor from office
In force
 513. Rights of auditor who has been removed from office
Failure to re-appoint auditor (ss. 514-515)
In force
 514. Failure to re-appoint auditor: special procedure required for written resolution
In force
 515. Failure to re-appoint auditor: special notice required for resolution at general meeting
Resignation of auditor (ss. 516-518)
In force
 516. Resignation of auditor
Omitted
 517. Notice to registrar of resignation of auditor
In force
 518. Rights of resigning auditor
Statement by auditor on ceasing to hold office (ss. 519-525)
In force
 519. Statement by auditor to be sent to company
In force
 519A. Meaning of "public interest company", "non-public interest company" and "exempt reasons"
In force
 520. Company's duties in relation to statement
In force
 521. Copy of statement to be sent to registrar
In force
 522. Duty of auditor to send statement to appropriate audit authority
In force
 523. Duty of company to notify appropriate audit authority
In force
 524. Provision of information to accounting authorities
In force
 525. Meaning of "appropriate audit authority"
Supplementary (s. 526)
In force
 526. Effect of casual vacancies
Chapter 5 Quoted companies: right of members to raise audit concerns at accounts meeting (ss. 527-531)
In force
 527. Members' power to require website publication of audit concerns
In force
 528. Requirements as to website availability
In force
 529. Website publication: company's supplementary duties
In force
 530. Website publication: offences
In force
 531. Meaning of "quoted company"
Chapter 6 Auditors' liability (ss. 532-538)
Voidness of provisions protecting auditors from liability (s. 532)
In force
 532. Voidness of provisions protecting auditors from liability
Indemnity for costs of defending proceedings (s. 533)
In force
 533. Indemnity for costs of successfully defending proceedings
Liability limitation agreements (ss. 534-538)
In force
 534. Liability limitation agreements
In force
 535. Terms of liability limitation agreement
In force
 536. Authorisation of agreement by members of the company
In force
 537. Effect of liability limitation agreement
In force
 538. Disclosure of agreement by company
Chapter 7 Supplementary provisions (ss. 538A-539)
In force
 538A. Meaning of "corporate governance statement" etc
In force
 539. Minor definitions
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