The Company Auditors (Examinations) Regulations 1990

• Citation: S.I. 1990/1146
• Sections: 11

Section 1

These Regulations may be cited as the Company Auditors (Examinations) Regulations 1990 and shall come into force on 20th June 1990.

Section 2

The subjects listed in the Schedule to these Regulations are prescribed for the purposes of paragraph 7 of Schedule 12 to the Companies Act 1989.

Section 1

Auditing.

Section 2

Analysisand critical assessment of annual accounts.

Section 3

General accounting.

Section 4

Costand management accounting.

Section 5

Consolidated accounts.

Section 6

Internal control.

Section 7

Standards relating to the preparation of annualand consolidated accountsand to methods of valuing balance sheet itemsand of computing profitsand losses.

Section 8

Legaland professional standardsand professional guidance relating to the statutory auditing of accounting documentsand to those carrying out such audits.

Section 9

Those aspects of the following which are relevant to auditing—

(a) company law;

(b) the law of insolvency and similar procedures;

(c) tax law;

(d) civil and commercial law;

(e) social security law and law of employment;

(f) information and computer systems;

(g) business, general and financial economics;

(h) mathematics and statistics; and

(i) basic principles of financial management of undertakings.