1. Irish Company Law
  2. Legislation (IE)
  3. Statutory Instruments
  4. 2016
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  1. European Union (Statutory Audits) (Directive 2006/43/EC, as amended by Directive 2014/56/EU, and Regulation (EU) No 537/2014) Regulations 2016 [S.I. No. 312 of 2016]
  2. Part 5 Standards and Provisions Applicable to Statutory Auditors and Audit Firms (regs. 57-83)
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Part 5 Standards and Provisions Applicable to Statutory Auditors and Audit Firms (regs. 57-83)

Comparing proposed amendment...
Chapter 1 Appointment of Statutory Auditors or Audit Firms (regs. 57-61)
Revoked
 Regulation 57 Prohibition of contractual clauses restricting choice of auditors
Revoked
 Regulation 58 Selection procedures for statutory auditors or audit firms by public-interest entities
Revoked
 Regulation 59 Appointment of statutory auditors or audit firms by public-interest entities - informing the Supervisory Authority
Revoked
 Regulation 60 Removal of statutory auditors or audit firms by public-interest entities - supplementary provisions
Revoked
 Regulation 61 Directors' report to include date of last appointment of statutory auditor or audit firm
Chapter 2 Standards for Statutory Auditors (regs. 62-66)
Revoked
 Regulation 62 Continuing education
Revoked
 Regulation 63 Professional ethics
Revoked
 Regulation 64 Independence, objectivity and professional scepticism
Revoked
 Regulation 65 Standards for purposes of Regulations 62 to 64
Revoked
 Regulation 66 Arrangements for enforcement of standards
Chapter 3 Confidentiality and Professional Secrecy (regs. 67-76)
Revoked
 Regulation 67 Rules of confidentiality to apply
Revoked
 Regulation 68 Supplemental provisions in relation to Regulation 67
Revoked
 Regulation 69 Saving
Revoked
 Regulation 70 Rules of confidentiality in relation to entities in third countries
Revoked
 Regulation 71 Incoming statutory auditor or audit firm to be afforded access to information
Revoked
 Regulation 72 Access by recognised accountancy body to audit documents
Revoked
 Regulation 73 Access by Supervisory Authority to information and documents held by recognised accountancy bodies or relevant persons
Revoked
 Regulation 74 Professional privilege
Revoked
 Regulation 75 No liability for acts done in compliance with Regulations
Revoked
 Regulation 76 Restriction of section 940 of Companies Act 2014
Chapter 4 Auditing Standards and Audit Reporting (regs. 77-81)
Revoked
 Regulation 77 Auditing standards to be applied
Revoked
 Regulation 78 Audit of group accounts - responsibility of group auditor
Revoked
 Regulation 79 Further responsibility of group auditor
Revoked
 Regulation 80 Additional report to audit committee
Revoked
 Regulation 81 Auditors' reporting obligations under Article 12 of Regulation (EU) No 537/2014
Chapter 5 Record keeping (reg. 82)
Revoked
 Regulation 82 Record keeping
Chapter 6 Objectivity (reg. 83)
Revoked
 Regulation 83 Future viability
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