The Local Audit (Delegation of Functions) and Statutory Audit (Delegation of Functions) Order 2014
1Citation, commencement and interpretation
2Exercise of functions by the designated body
3Freedom of information
4Consultation requirements
5Annual work programme
6Requirements for recording decisions
7Matters notified to the designated body
8Payment of amounts of financial penalties (less costs) by designated body to Secretary of State
9Time limits for prosecution of offences
10Amendment of the Statutory Auditors (Amendment of Companies Act 2006 and Delegation of Functions etc) Order 2012

2014 No. 2009

Local Government, England And Wales
Companies
Auditors

The Local Audit (Delegation of Functions) and Statutory Audit (Delegation of Functions) Order 2014

Made

Coming into force in accordance with article 1

The Secretary of State for Communities and Local Government makes the following Order in exercise of the powers conferred by sections 1252 and 1253 of, and paragraphs 7(3) and 11(2) and (3)(a) of Schedule 13 to, the Companies Act 20061 (“the Act”).

It appears to the Secretary of State that the Financial Reporting Council Limited2 is able and willing to exercise the functions transferred by this Order.

It appears to the Secretary of State that the body has arrangements in place relating to the exercise of the functions transferred by this Order which are such as to be likely to ensure that those functions will be exercised effectively and in accordance with the relevant requirements and provisions specified in this Order.

In accordance with sections 1252(11) and 1290 of the Act, a draft of this instrument has been laid before and approved by a resolution of each House of Parliament.