Companies Act 2014 section 1623

Removal or resignation of statutory auditors from carrying out assurance of sustainability reporting

Section 1623 applies the existing rules on removing or resigning statutory auditors to auditors appointed to carry out assurance of sustainability reporting, with appropriate modifications.

• The rules in Chapter 20 of Part 6 for removing or resigning statutory auditors apply equally to auditors carrying out sustainability reporting assurance
• References to removal or resignation of a statutory auditor are to be read as removal or resignation from the sustainability reporting assurance role specifically
• References to accounting treatments or audit procedures are to be read as references to sustainability reporting or assurance procedures
• Any other necessary modifications are to be made so that the rules work properly in the sustainability reporting assurance context