Companies Act 2014 section 901

Continuance of designation of Irish Auditing and Accounting Supervisory Authority and other transitional matters

Section 901 provides for the continuance of the Irish Auditing and Accounting Supervisory Authority (IAASA) under the Companies Act 2014, preserving its corporate existence, board appointments and membership, subject to certain changes introduced by this Chapter.

• IAASA, originally designated under the Companies (Auditing and Accounting) Act 2003, continues as the Supervisory Authority under this Chapter of the 2014 Act.
• Board members appointed before this section commenced remain in office for the remainder of their terms, even if bodies that nominated them lose their membership under this Chapter.
• The corporate existence of IAASA and its existing membership by corporate bodies and individuals are preserved by this Act.
• Membership is subject to a reduction in numbers under section 902(2) and to provisions in this Chapter allowing membership to be terminated, changed or increased.