Version status: In force | Document consolidation status: Updated to reflect all known changes

Published date: 2 July 2012

Statutory Auditors (Amendment of Companies Act 2006 and Delegation of Functions etc) Order 2012 [SI 2012 No. 1741]

	Introductory Text
	Part 1 Introduction (arts. 1-3)
	Article 1 Citation and coming into force
	Article 2 Interpretation
	Article 3 Schedule
	Part 2 Amendment of the Act (arts. 4-5)
	Article 4 Substitution for section 1225
	Article 5 Amendments to Schedule 10
	Part 3 Transfer of Functions of the Secretary of State (arts. 6-16)
	Article 6 The Statutory Auditors (Delegation of Functions etc) Order 2008
	Article 7 Transfer of functions
	Article 8 Appropriate audit authority
	Article 9 Consultation requirement
	Article 10 Annual work programme
	Article 11 Requirements for recording decisions
	Article 12 Matters notified to the designated body
	Article 13 Payment of amounts of financial penalties (less costs) by designated body to Secretary of State
	Article 14 Time limits for prosecution of offences
	Article 15 Appointment of body to issue guidance as to identifying senior statutory auditor
	Article 16 Transitional Provisions
	Part 4 Appointment of the Independent Supervisor (arts. 17-21)
	Article 17 The Independent Supervisor Appointment Order 2007
	Article 18 Appointment of Independent Supervisor
	Requirements and provisions concerning the exercise of the supervision function (arts. 19-20).
	Article 19
	Article 20
	Article 21 Transitional Provisions
	Part 5 Prescription of Body to issue Accounting Standards (arts. 22-24)
	Article 22 The Accounting Standards (Prescribed Body) Regulations 2008
	Article 23 Prescribed body
	Article 24 Transitional Provisions
	Schedule - Minor and Consequential Amendments
	Schedule, Part 1 References to Professional Oversight Board (paras. 1-3)
	Schedule, Part 2 References to Accounting Standards Board (paras. 4-12)
	Signature
	Explanatory Note
	Explanatory Memorandum
	Impact Assessment