Companies Act 2014 section 1467

Restriction on acting as statutory auditor

Section 1467 prohibits any person from acting as, or holding themselves out to be, a statutory auditor unless they have been formally approved under Part 27 of the Companies Act 2014.

• A person must not act as a statutory auditor without proper approval under the Act
• A person must not describe themselves as a statutory auditor unless duly approved
• A person must not hold themselves out in any way that suggests or could reasonably be understood to suggest they are a statutory auditor
• Approval must be obtained in accordance with Part 27 of the Companies Act 2014