| Commentary

32.1 Private companies

| Commentary

32 Auditors’ term of office

32.1 Private companies

The auditor or auditors of a private company will generally hold office in accordance with the terms of their appointment although the Companies Act 2006 requires them not to take office until the previous auditor or auditors have ceased to hold office1. Strictly speaking they will cease to hold office at the end of the next period for appointing auditors, unless they are reappointed, although the force of this is somewhat weakened by the Act providing that they will be deemed to be reappointed at the end of that period if no auditor has been appointed by

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