Companies Act 2014 section 1501

Duty of each recognised accountancy body with regard to sanctions

Section 1501 requires each recognised accountancy body to have arrangements in place that allow it to impose effective, proportionate and dissuasive penalties on statutory auditors and audit firms that fail to carry out statutory audits in accordance with the relevant provisions.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.