Commentary on Sections
Part 1: Auditors, Accounts, Directors' Liabilities and Investigations
Chapter 2: Accounts and Reports
Supervision of accounts and reports
Section 15 - Application of provisions inserted by sections 11 and 12 to bodies appointed under section 14
87.Section 15 applies the provisions relating to the disclosure of information by the Inland Revenue in section 11 to the body appointed under section 14. It also applies the provisions concerning the power to obtain documents and information and the restrictions on use of the information so obtained in section 12 to the body appointed undersection 14. The effect is that the Review Panel will have the same power, and the same access to IR information, in respect of its activity undersection 14 (checking interim reports and reporting to the FSA) as it will when exercising its remit under section 245C of the Companies Act 1985 (checking annual reports of Companies Act companies).
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