Companies Act 2014 section 937

Delegation of Supervisory Authority's functions

Section 937 deals with how the Irish Auditing and Accounting Supervisory Authority (IAASA) may delegate its supervisory, investigative, and disciplinary functions to committees, officers, employees, or other authorised persons.

• IAASA may delegate its supervisory and disciplinary functions to a specially established committee made up of its directors or other suitable persons
• IAASA may also delegate those functions to its own officers, employees, or any other duly authorised person
• Any delegation can be revoked by IAASA at any time, and the Authority may carry out its other functions through staff or authorised persons, including deciding whether to refer a matter to a committee
• Committees established under earlier legislation are deemed to have been properly constituted and to have had full powers, even if a member ceased to be a director before the relevant enquiry or investigation was completed