Companies Act 2014 section 1487

Obligation of statutory auditor or audit firm to notify certain information

Section 1487 sets out the obligation on statutory auditors, audit firms, and Member State audit firms to notify their recognised accountancy body of any changes to their information on the public register, and the process by which such changes are then reflected in that register.

• Statutory auditors, audit firms, and Member State audit firms must notify their recognised accountancy body of any change in their public register information within one month of the change occurring.
• The recognised accountancy body must verify the change and then notify the Registrar without undue delay.
• The Registrar must amend the public register to reflect the notified change within one month of receiving the notification from the accountancy body.
• Failure to notify changes without a reasonable excuse is a category 4 offence.

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