C3Part 16Audit
Chapter 3Functions of auditor
Offences in connection with auditor's report
C2507C1Offences in connection with auditor's report
1
A person to whom this section applies commits an offence if he knowingly or recklessly causes a report under section 495 (auditor's report on company's annual accounts) to include any matter that is misleading, false or deceptive in a material particular.
2
A person to whom this section applies commits an offence if he knowingly or recklessly causes such a report to omit a statement required by—
a
section 498(2)(b) (statement that company's accounts do not agree with accounting records and returns),
b
section 498(3) (statement that necessary information and explanations not obtained), or
c
section 498(5) (statement that directors wrongly took advantage of exemption from obligation to prepare group accounts).
3
This section applies to—
a
where the auditor is an individual, that individual and any employee or agent of his who is eligible for appointment as auditor of the company;
b
where the auditor is a firm, any director, member, employee or agent of the firm who is eligible for appointment as auditor of the company.
4
A person guilty of an offence under this section is liable—
a
on conviction on indictment, to a fine;
b
on summary conviction, to a fine not exceeding the statutory maximum.
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2