Amendments to Part 1 of the Companies (Audit, Investigations and Community Enterprise) Act 2004
1
(1) Part 1 of the Companies (Audit, Investigations and Community Enterprise) Act 2004 is amended as follows. (2) In section 15D(4) (permitted disclosure of information obtained under compulsory powers)— (a) for paragraph (aa) substitute— (aa) for the purposes of facilitating— (i) the carrying out of inspections under paragraph 1 of Schedule 12 to the Companies Act 2006 (arrangements for independent monitoring of audits of UK-traded non-EEA companies); or (ii) the carrying out of investigations under paragraph 2 of that Schedule (arrangements for independent investigations for disciplinary purposes). (b) after paragraph (aa) insert— (ab) for the purposes of enabling the competent authority to exercise its functions under the Statutory Auditors and Third Country Auditors Regulations 2016 or under Regulation (EU) 537/2014 on specific requirements regarding statutory audit of public interest entities; (3) In section 16(2) (grants to bodies concerned with accounting standards etc), after paragraph (e) insert— (ea) exercising the functions of the competent authority under the Statutory Auditors and Third Country Auditors Regulations 2016 and under Regulation (EU) 537/2014 on specific requirements regarding statutory audit of public interest entities;