http://www.legislation.gov.uk/nisi/1990/593/contents/2007-10-01The Companies (Northern Ireland) Order 1990 (repealed)texttext/xmlenStatute Law Database2024-04-022007-10-01The Companies (Northern Ireland) Order 1990 (repealed)The Companies (Northern Ireland) Order 1990Sch.10 para.30(1)Finance Act 1997ss.61(2)ss.61(3)113Sch.18 Pt.VI(3) Notes i-3The Companies (Northern Ireland) Order 1990PART IINTRODUCTORY1Title and commencement2InterpretationPART IICOMPANY ACCOUNTSIntroduction3IntroductionProvisions applying to companies generally4Accounting records5A company's financial year and accounting reference periods6Individual company accounts7Group accounts8Additional disclosure required in notes to accounts9Approval and signing of accounts10Directors' report11Auditors' report12Publication of accounts and reports13Laying and delivering of accounts and reports14Remedies for failure to comply with accounting requirementsExemptions and special provisions15Small and medium‐sized companies and groups16Dormant companies17Public listed companies: provision of summary financial statement18Private companies: election to dispense with laying of accounts and reports before general meeting19Unlimited companies: exemption from requirement to deliver accounts and reports20Banking and insurance companies and groups: special provisionsSupplementary provisions21Accounting standards22Power to alter accounting requirements23Parent and subsidiary undertakings24Other interpretation provisionsArticle 25—Amendments Article 26—Repeals PART IIIELIGIBILITY FOR APPOINTMENT AS COMPANY AUDITORIntroduction27IntroductionEligibility for appointment28Eligibility for appointment29Effect of appointment of partnership30Ineligibility on ground of lack of independence31Effect of ineligibility32Power of Department to require second auditRecognition of supervisory bodies and professional qualifications33Supervisory bodies34Meaning of “appropriate qualification”35Qualifying bodies and recognised professional qualifications36Approval of overseas qualificationsDuties of recognised bodies37The register of auditors38Information about firms to be available to public39Matters to be notified to the Department40Power to call for information41Compliance orders42Directions to comply with international obligationsOffences43False and misleading statements44Offences by bodies corporate, partnerships and unincorporated associations45Time limits for prosecution of offences46Jurisdiction and procedure in respect of offencesSupplementary provisions47Fees48Delegation of functions of DepartmentArt. 49 rep. by 2004 c. 27 50Exemption from liability for damages51Service of notices52Power to make consequential amendments53Power to make provision in consequence of changes affecting accountancy bodies54Meaning of “associate”55Minor definitions56Index of defined expressionsArticle 57—Repeals SCHEDULESSchedule 1—AmendmentsSchedule 2—AmendmentsSchedule 3—AmendmentsSchedule 4—AmendmentsSchedule 5—AmendmentsSchedule 6—AmendmentsSchedule 7—AmendmentsSchedule 8—AmendmentsSchedule 9—AmendmentsSchedule 10—AmendmentsSCHEDULE 11RECOGNITION OF SUPERVISORY BODYPART IGRANT AND REVOCATION OF RECOGNITIONApplication for recognition of supervisory bodyThis div-1 has a number but no title; creating a P1group with an empty Title1(1) A supervisory body may apply to the Department for an order declaring it to...Grant and refusal of recognitionThis div-1 has a number but no title; creating a P1group with an empty Title2(1) The Department may, on an application duly made in accordance with paragraph 1 and...Revocation of recognitionThis div-1 has a number but no title; creating a P1group with an empty Title3(1) A recognition order may be revoked by a further order made by the Department...PART IIREQUIREMENTS FOR RECOGNITIONHolding of appropriate qualificationThis div-1 has a number but no title; creating a P1group with an empty Title4(1) The body must have rules to the effect that a person is not eligible...This div-1 has a number but no title; creating a P1group with an empty Title5(1) The following provisions explain what is meant in paragraph 4(1)(b)(ii) by a firm being...Auditors to be fit and proper personsThis div-1 has a number but no title; creating a P1group with an empty Title6(1) The body must have adequate rules and practices designed to ensure that the persons...Professional integrity and independenceThis div-1 has a number but no title; creating a P1group with an empty Title7(1) The body must have adequate rules and practices designed to ensure— (a) that company...Technical standardsThis div-1 has a number but no title; creating a P1group with an empty Title8The body must have rules and practices as to the technical standards to be applied...Procedures for maintaining competenceThis div-1 has a number but no title; creating a P1group with an empty Title9The body must have rules and practices designed to ensure that persons eligible under its...Monitoring and enforcementThis div-1 has a number but no title; creating a P1group with an empty Title10(1) The body must have adequate arrangements and resources for the effective monitoring and enforcement...Membership, eligibility and disciplineThis div-1 has a number but no title; creating a P1group with an empty Title11The rules and practices of the body relating to— (a) the admission and expulsion of...Investigation of complaintsThis div-1 has a number but no title; creating a P1group with an empty Title12(1) The body must have effective arrangements for the investigation of complaints— (a) against persons...Meeting of claims arising out of audit workThis div-1 has a number but no title; creating a P1group with an empty Title13(1) The body must have adequate rules or arrangements designed to ensure that persons eligible...Register of auditors and other information to be made availableThis div-1 has a number but no title; creating a P1group with an empty Title14The body must have rules requiring persons eligible under its rules for appointment as a...Taking account of costs of complianceThis div-1 has a number but no title; creating a P1group with an empty Title15The body must have satisfactory arrangements for taking account, in framing its rules, of the...Promotion and maintenance of standardsThis div-1 has a number but no title; creating a P1group with an empty Title16The body must be able and willing to promote and maintain high standards of integrity...SCHEDULE 12RECOGNITION OF PROFESSIONAL QUALIFICATIONPART IGRANT AND REVOCATION OF RECOGNITIONApplication for recognition of professional qualificationThis div-1 has a number but no title; creating a P1group with an empty Title1(1) A qualifying body may apply to the Department for an order declaring a qualification...This div-1 has a number but no title; creating a P1group with an empty Title2(1) The Department may, on an application duly made in accordance with paragraph 1 and...Revocation of recognitionThis div-1 has a number but no title; creating a P1group with an empty Title3(1) A recognition order may be revoked by a further order made by the Department...PART IIREQUIREMENTS FOR RECOGNITIONEntry requirementsThis div-1 has a number but no title; creating a P1group with an empty Title4(1) The qualification must only be open to persons who have attained university entrance level...Course of theoretical instructionThis div-1 has a number but no title; creating a P1group with an empty Title5The qualification must be restricted to persons who have completed a course of theoretical instruction...Sufficient period of professional experienceThis div-1 has a number but no title; creating a P1group with an empty Title6(1) The references in paragraphs 4 and 5 to a sufficient period of professional experience...ExaminationThis div-1 has a number but no title; creating a P1group with an empty Title7(1) The qualification must be restricted to persons who have passed an examination (at least...Practical trainingThis div-1 has a number but no title; creating a P1group with an empty Title8(1) The qualifications must be restricted to persons who have completed at least three years'...The body offering the qualificationThis div-1 has a number but no title; creating a P1group with an empty Title9(1) The body offering the qualification must have— (a) rules and arrangements adequate to ensure...SCHEDULE 13SUPPLEMENTARY PROVISIONS WITH RESPECT TO DELEGATION ORDERIntroductoryThis div-1 has a number but no title; creating a P1group with an empty Title1The following provisions have effect in relation to a body established by a delegation order...StatusThis div-1 has a number but no title; creating a P1group with an empty Title2The body shall not be regarded as acting on behalf of the Crown and its...Name, members and chairmanThis div-1 has a number but no title; creating a P1group with an empty Title3(1) The body shall be known by such name as may be specified in the...Financial provisionsThis div-1 has a number but no title; creating a P1group with an empty Title4(1) The body shall pay to its chairman and members such remuneration, and such allowances...ProceedingsThis div-1 has a number but no title; creating a P1group with an empty Title5(1) The delegation order may contain such provision as the Department considers appropriate with respect...FeesThis div-1 has a number but no title; creating a P1group with an empty Title6(1) The body may retain fees payable to it. (2) The fees shall be applied...Legislative functionsThis div-1 has a number but no title; creating a P1group with an empty Title7(1) Regulations made by the body in the exercise of the functions transferred to it...This div-1 has a number but no title; creating a P1group with an empty Title8(1) Immediately after an instrument is made it shall be printed and made available to...This div-1 has a number but no title; creating a P1group with an empty Title9(1) The production of a printed copy of an instrument purporting to be made by...Report and accountsThis div-1 has a number but no title; creating a P1group with an empty Title10(1) The body shall at least once in each year for which the delegation order...Other supplementary provisionsThis div-1 has a number but no title; creating a P1group with an empty Title11(1) The transfer of a function to a body established by a delegation order does...This div-1 has a number but no title; creating a P1group with an empty Title12Where a delegation order is revoked, the Department may by order make provision— (a) for...Schedule 14 rep. by 2004 c. 27Schedule 15—Repeals1990 No. 593 (N.I. 5)The Companies (Northern Ireland) Order 199014th March 1990