| Commentary

32.3 Company’s duty to notify the relevant audit authority

| Commentary

32.3 Company’s duty to notify the relevant audit authority

When an auditor ceases to act for a company (for example, because they have resigned from acting in that capacity), the company may have to give notice to the appropriate ‘audit authority’1 that the auditor has ceased to act. Broadly, this obligation will apply whenever an auditor ceases to act for the company before their term of office ends unless the company reasonably believes that the auditor’s reasons for leaving early are all ‘exempt reasons’2. Where required, the company must give the requisite notice within the period of

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