Companies Act 2014 section 1619

Restrictions with regard to fees

Section 1619 establishes rules about how fees charged for the assurance of sustainability reporting must be structured, ensuring they remain independent and unconditional.

• Recognised accountancy bodies must embed fee restrictions within their professional standards.
• Fees for sustainability reporting assurance must not be influenced or determined by any additional services provided to the same client.
• Fees must not be contingent on any particular outcome, result or condition.
• The term "standards" carries the same meaning as defined in Part 27 of the Companies Act 2014.