Companies (Statutory Audits) Act 2018

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Number 22 of 2018


COMPANIES (STATUTORY AUDITS) ACT 2018


CONTENTS

PART 1

Preliminary and General

1. Short title, collective citations, construction and commencement

2. Definition

3. Repeals and revocations

PART 2

Amendment of Principal Act

4. Amendment of section 2 of Principal Act

5. Amendment of section 35 of Principal Act

6. Amendment of section 322 of Principal Act

7. Amendment of section 336 of Principal Act

8. Amendment of section 337 of Principal Act

9. Amendment of section 346 of Principal Act

10. Amendment of Principal Act - substitution of sections 363 and 364

11. Amendment of section 380 of Principal Act

12. Amendment of section 390 of Principal Act

13. Amendment of section 394 of Principal Act

14. Amendment of section 865 of Principal Act

15. Amendment of section 869 of Principal Act

16. Function imposed on Registrar under section 930D

17. Amendment of section 900 of Principal Act

18. Amendment of section 904 of Principal Act

19. Amendment of section 905 of Principal Act

20. Amendment of section 906 of Principal Act

21. Amendment of section 907 of Principal Act

22. Amendment of section 915 of Principal Act

23. Amendment of section 916 of Principal Act

24. Amendment of section 918 of Principal Act

25. Amendment of section 919 of Principal Act

26. Amendment of section 930 of Principal Act

27. Amendment of Principal Act - insertion of sections 930A to 930D

28. Provisions in relation to recognition by Supervisory Authority under section 930

29. Amendment of section 931A of Principal Act

30. Provisions that apply when recognised accountancy body is not able to perform Part 27 function

31. Consultation by Supervisory Authority regarding standards and qualifications

32. Intervention in disciplinary process of prescribed accountancy bodies and supervision of recognised accountancy bodies

33. Resolution of suspected non-compliance by agreement - relevant body

34. Investigation of possible breaches of standards of prescribed accountancy bodies or relevant contraventions by statutory auditors

35. Amendment of Principal Act - insertion of sections 934A to 934I

36. Amendment of section 935 of Principal Act

37. Amendment of Principal Act - insertion of sections 936A and 936B

38. Amendment of section 937 of Principal Act

39. Amendment of section 938 of Principal Act

40. Amendment of section 940 of Principal Act

41. Amendment of section 941 of Principal Act

42. Amendment of section 942 of Principal Act

43. Amendment of section 943 of Principal Act

44. Amendment of section 949 of Principal Act

45. Amendment of Principal Act - insertion of sections 957A to 957I

46. Amendment of section 1097 of Principal Act

47. Amendment of section 1291 of Principal Act

48. Amendment of section 1305 of Principal Act

49. Amendment of section 1401A of Principal Act

50. Amendment of section 1438 of Principal Act

51. Statutory audits

52. Amendment of Schedule 5 to Principal Act

53. Amendment of Principal Act - insertion of Schedules

PART 3

Consequential Amendments

54. Definitions (Part 3)

55. Amendment of section 13 of Act of 1893

56. Amendment of section 14 of Act of 1893

57. Amendment of section 16 of Act of 1893

58. Penalties for certain offences

59. Amendment of section 75 of Act of 1893

60. Amendment of section 79 of Act of 1893

61. Amendment of Schedule II to Act of 1893

62. Amendment of section 26 of Act of 1896

63. Amendment of section 27 of Act of 1896

64. Amendment of section 80 of Act of 1896

65. Offence to contravene section 26(4) or (5)

66. Amendment of section 100 of Act of 1896

67. Amendment of section 106 of Act of 1896

68. Amendment of section 2 of Industrial and Provident Societies (Amendment) Act 1913

69. Amendment of section 10B of Ministerial and Parliamentary Offices Act 1938

70. Amendment of section 8 of Seanad Electoral (Panel Members) Act 1947

71. Amendment of section 25C of Electoral Act 1992

72. Amendment of section 114 of Credit Union Act 1997

73. Amendment of Electoral Act 1997

74. Amendment of Irish Collective Asset-management Vehicles Act 2015

75. Amendment of European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011

SCHEDULE 1

SCHEDULE 2


Acts Referred to

Companies Act 2014 (No. 38)

Credit Union Act 1997 (No. 15)

Credit Union Acts 1997 to 2012

Data Protection Acts 1988 to 2018

Electoral Act 1992 (No. 23)

Electoral Act 1997 (No. 25)

Electoral Acts 1992 to 2016

Electronic Commerce Act 2000 (No. 27)

Friendly Societies (Amendment) Act 1977 (No. 17)

Friendly Societies Act 1896 (59 & 60 Vict., c. 25)

Friendly Societies Acts 1896 to 2014

Industrial and Provident Societies (Amendment) Act 1913 (No. 32)

Industrial and Provident Societies Act 1893 (56 & 57 Vict., c. 39)

Industrial and Provident Societies Acts 1893 to 2014

Irish Collective Asset-management Vehicles Act 2015 (No. 2)

Ministerial and Parliamentary Offices Act 1938 (No. 38)

Ministerial and Parliamentary Offices Acts 1938 to 2009

Oireachtas (Ministerial and Parliamentary Offices) (Amendment) Act 2014 (No. 6)

Seanad Electoral (Panel Members) Act 1947 (No. 42)

Seanad Electoral (Panel Members) Acts 1947 to 2015

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Number 22 of 2018


COMPANIES (STATUTORY AUDITS) ACT 2018


An Act to give further effect to Directive 2006/43/EC of the European Parliament and of the Council of 17 May 20061 on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC, as amended by Directive 2014/56/EU of the European Parliament and of the Council of 16 April 20142 amending Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts, and giving further effect to certain provisions of Regulation (EU) No 537/2014 of the European Parliament and of the Council of 16 April 20143 on specific requirements regarding statutory audit of public-interest entities and repealing Commission Decision 2005/909/EC and, for that purpose, to amend the Companies Act 2014 ; to make provision for certain other amendments to that Act; to provide for the amendment of certain other enactments; and to provide for related matters.

[25th July , 2018]

Be it enacted by the Oireachtas as follows:

1 OJ No. L 157, 9.6.2006, p.87

2 OJ No. L 158, 27.5.2014, p.196

3 OJ No. L 158, 27.5.2014, p.77