Companies Act 2014 section 1648

Transfer of assurance working papers etc. to third-country competent authorities

Section 1648 extends the existing rules on transferring audit documents to authorities outside the EU so that they also cover documents relating to the assurance of sustainability reporting.

• The rules governing the transfer of audit working papers to third-country authorities now equally apply to sustainability reporting assurance working papers
• References to inspection or investigation reports about audits are to be read as references to such reports about sustainability reporting assurance
• Any reference to an audit in those transfer rules is to be understood as a reference to the assurance of sustainability reporting
• Any other necessary modifications are to be made so that the transfer rules operate properly in the sustainability reporting assurance context