Companies Act 2014 section 1466

Restriction as to persons who may carry out statutory audits

Section 1466 restricts who is permitted to carry out statutory audits of companies, limiting this function to approved auditors and audit firms.

• Only approved auditors or audit firms may carry out statutory audits
• Approval must be granted under Part 27 of the Companies Act 2014
• Audit firms approved in other EU member states may also qualify if registered under section 1465
• No other person or entity is permitted to perform a statutory audit