Failure to re-appoint an auditor—financial years beginning before 1 October 2015 [Archived]

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

  • Failure to re-appoint an auditor—financial years beginning before 1 October 2015 [Archived]
  • How a failure to re-appoint an auditor may occur
  • Prevention of deemed re-appointment of an auditor (private companies only)
  • Special procedures for appointing a new auditor in place of an outgoing auditor
  • Special procedure required to appoint a new auditor by written resolution (private companies only)
  • Special notice required to appoint a new auditor by resolution at general meeting (private companies and public companies)
  • Rights of an auditor on ceasing to hold office
  • Notices and statements required on an auditor ceasing to hold office

Failure to re-appoint an auditor—financial years beginning before 1 October 2015 [Archived]

ARCHIVED: This archived Practice Note summarised the statutory provisions of the Companies Act 2006 (CA 2006) that applied in the event of a company’s failure to re-appoint an auditor in relation to financial years beginning before 1 October 2015.

Section 18 and Schedule 5 of the Deregulation Act 2015, which came into force on 1 October 2015, made a number of changes in relation to auditors, which include provisions dealing with a company’s failure to re-appoint an auditor. These provisions have effect in relation to financial years beginning on or after 1 October 2015.

For details of the statutory provisions in relation to financial years beginning on or after 1 October 2015, see Practice Note: Failure to re-appoint an auditor.

There may be other rules relating to the removal and resignation of an auditor that apply to a listed company, an AIM company or a company with securities that are listed on one of the Aquis Stock Exchange (formerly NEX Exchange) markets but these are outside the scope of this Practice Note.

In relation to the removal or resignation of an auditor in financial years beginning before 1 October 2015, see archived Practice Note: Removal or resignation of an auditor—financial years beginning before 1 October 2015 [Archived].

How a failure to re-appoint an auditor may occur

An auditor of

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