New Clause 15 — Companies exempt from audit

Orders of the Day – in the House of Commons at 8:45 pm on 31st March 2008.

Alert me about debates like this

'(1) This section applies in relation to a registered provider which—

(a) is a registered company other than a charity, and

(b) is exempt from the audit requirements of the Companies Act 2006 by virtue of section 477 of that Act (small companies' exemption).

(2) The directors of the company shall cause a report to be prepared in accordance with section [exempt companies: accountant's report] and made to the company's members in respect of the company's individual accounts for any year in which the company takes advantage of its exemption from audit.

(3) "Individual accounts" has the same meaning as in section 396 of the Companies Act 2006.'.

Watch this
Embed this video

Copy and paste this code on your website