31.2 Public companies

31.2 Public companies

A public company must generally appoint an auditor or auditors for each financial year of the company, and the appointment must be made before the end of the accounts meeting at which a public company lays its annual accounts and reports for the previous financial year1. If the company fails to appoint an auditor or auditors at the accounts meeting, it may subsequently remedy the situation by making the necessary appointment by ordinary resolution2.

The directors of a public company may appoint auditors3:

  1. 31.2.1

        at any time before the company’s first accounts meeting4;

  2. 31.2.2

        where a company ceases