Companies Act 2014 section 1463

Application

Section 1463 sets out when the provisions of this Part come into effect, covering both the conduct of statutory audits and all other matters dealt with in this Part.

• This Part applies unless otherwise specified, including where EU Regulation No 537/2014 provides different rules.
• Rules relating to the conduct of statutory audits and the duties and powers of statutory auditors and audit firms apply to audits for financial years beginning on or after the commencement date specified in section 1462.
• All other matters covered by this Part take effect from that same commencement date.
• The commencement date acts as the single reference point for bringing both audit-related and non-audit-related provisions into operation.