The Statutory Auditors (Amendment of Companies Act 2006 and Delegation of Functions etc) Order 2012

Requirements and provisions concerning the exercise of the supervision function

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19.  The report which is required under section 1231 of the Act(1) (reports by the Independent Supervisor) must include—

(a)an account of how the Independent Supervisor has discharged the supervision function, including why it considers that this function has been discharged effectively;

(b)an account of the extent to which each Auditor General has complied with its duties under the Act;

(c)an account of any matters notified to the Independent Supervisor under section 1232 of the Act (matters to be notified to the Independent Supervisor);

(d)an account of the Independent Supervisor’s enforcement activity, including the issue of any suspension notices and any applications for compliance orders; and

(e)an account of the activities carried out by the Independent Supervisor as a consequence of its status as a public authority for the purpose of the Freedom of Information Act 2000.

(1)

Section 1231 was amended by S.I. 2009/2958, articles 8 and 12.