The Companies Act 2006 (Commencement No. 6, Saving and Commencement Nos. 3 and 5 (Amendment)) Order 2008

Article 257E (effect of exemptions)

6.—(1) Article 257E of the Companies (Northern Ireland) Order 1986 is adapted as follows.

(2) Omit paragraphs (1) and (1A).

(3) For paragraph (2) substitute—

“(2) Where the directors of a company have taken advantage of the exemption conferred by Article 257A(2), the provisions of the Companies Act 2006 listed in paragraph (3) apply to the reporting accountant and a reporting accountant’s report as they apply to an auditor of the company and an auditor’s report on the company’s accounts, subject to any necessary modifications.

(3) The provisions are—

(a) sections 423 to 425 (duty to circulate copies of annual accounts);

(b) sections 431 and 432 (right of member or debenture holder to demand copies of accounts);

(c) sections 434 to 436 (requirements in connection with publication of accounts);

(d) sections 441 to 444A (duty to file accounts with registrar of companies);

(e) section 454(4)(b) and regulations made under that provision (functions of auditor in relation to revised accounts);

(g) sections 499 to 501 (auditor’s right to information);

(h) sections 505 and 506 (name of auditor to be stated in published copies of report).

(4) In sections 505 and 506 as they apply by virtue of paragraph (3) in a case where the reporting accountant is a firm, any reference to the senior statutory auditor shall be read as a reference to the person who signed the report on behalf of the firm.”.