Companies Act 2014 section 1581

Investigations and sanctions

Section 1581 extends the investigation and sanctions regime that applies to Irish statutory auditors and audit firms so that it also covers third-country auditors and third-country audit entities.

• The investigation and sanctions provisions set out in sections 934 to 934I of the Companies Act 2014 are extended to third-country auditors and third-country audit entities.
• These provisions apply with any necessary modifications to reflect the third-country context.
• Third-country auditors and audit entities are subject to the same investigative powers and potential sanctions as Irish statutory auditors and audit firms.
• The regime also covers the audited entities of third-country auditors in the same manner as it covers audited entities of statutory auditors.