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UK Company Law
Legislation (UK)
Statutory Instruments
2012
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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)
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Explanatory Note
Explanatory Memorandum
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Statutory Auditors (Amendment of Companies Act 2006 and Delegation of Functions etc) Order 2012 [SI 2012 No. 1741]
Part 2 Amendment of the Act (arts. 4-5)
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Part 2 Amendment of the Act (arts. 4-5)
Article 4 Substitution for section 1225
Article 5 Amendments to Schedule 10
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