Companies (Accounting) Act 2017

Amendment of section 319 of Principal Act

35. Section 319 of the Principal Act is amended—

(a) in subsection (1), by the substitution of “Subject to subsection (4), the entity financial statements of a company” for “The entity financial statements of a company”,

(b) in subsection (2), by the substitution of “Subject to subsection (4), where a company” for “Where a company”, and

(c) by the insertion of the following subsection after subsection (3):

“(4) A company that qualifies for the small companies regime or the micro companies regime shall be exempt from the requirements of this section.”.