Companies Act 2014 section 927

Accounts and audit

Section 927 sets out the accounting, audit and reporting obligations of the Irish Auditing and Accounting Supervisory Authority (the Supervisory Authority).

• The Supervisory Authority must keep proper records and prepare accounts covering all income (with sources), expenditure, assets and liabilities.
• These accounts must be submitted to the Comptroller and Auditor General for audit within three months of the end of each financial year.
• The Minister must ensure the audited accounts and the Comptroller and Auditor General's report are laid before both Houses of the Oireachtas and supplied to the prescribed accountancy bodies.
• The Minister may appoint an independent person to examine the Supervisory Authority's accounts for any financial year or other period, and the Supervisory Authority must facilitate the examination and pay the fee set by the Minister.