Company and Companies House notifications on an auditor ceasing to hold office—public interest company
Company and Companies House notifications on an auditor ceasing to hold office—public interest company

The following Corporate practice note provides comprehensive and up to date legal information covering:

  • Company and Companies House notifications on an auditor ceasing to hold office—public interest company
  • Background
  • Proposals to widen the definition of public interest entity
  • An auditor’s obligation to send to the company a statement on ceasing to hold office
  • A company’s duty to send to certain persons an auditor’s statement on ceasing to hold office
  • A company’s duty to send to certain persons an auditor’s statement on ceasing to hold office—Listing Rules and Disclosure Guidance and Transparency Rules requirements
  • An auditor’s obligation to send to Companies House his statement on ceasing to hold office

Background

There are statutory provisions relating to the notices and statements required on an auditor ceasing to hold office.

Section 18 and Schedule 5 of the Deregulation Act 2015 (DA 2015), which came into force on 1 October 2015, made a number of changes in relation to auditors, which include the statutory provisions dealing with the notices and statements required on an auditor ceasing to hold office. These provisions have effect in relation to financial years beginning on or after 1 October 2015.

For the purpose of the notices and statements required on an auditor ceasing to hold office, the DA 2015 amended the Companies Act 2006 (CA 2006) to make a distinction between public interest companies and non-public interest companies (each being treated slightly differently), rather than the distinction between quoted companies and unquoted companies (again, each being treated slightly differently) which applied before the DA 2015 amended the CA 2006.

This Practice Note relates to a statement by an auditor of a public interest company ceasing to hold office in relation to a financial year beginning on or after 1 October 2015; see also Practice Note: Audit authority and accounting authority notifications on an auditor ceasing to hold office—public interest company

For details of the relevant provisions in relation to financial years beginning before 1 October 2015, see archived Practice Notes: Company and Companies House notifications

Popular documents