Companies (Auditing and Accounting) Act 2003

Amendment of section 199 of Act of 1990 (provisions concerning register of auditors).

39.—Section 199 of the Act of 1990 is amended as follows:

(a) by substituting the following for subsection (1):

“(1) Subject to subsection (2), a body of accountants which has been recognised by the Supervisory Authority under section 191 shall, within one month after such recognition, deliver to the registrar of companies, the name and address of each of its members who is qualified for appointment under the Companies Acts as auditor of a company or public auditor.”;

(b) in subsection (2) by substituting “whose recognition is continued under section 32 (2) of the Act of 2003” for “whose recognition is renewed”;

(c) by inserting the following after subsection (2):

“(2A) A body of accountants referred to in subsection (1) or (2) shall, as soon as possible but not later than 6 months after the event, notify the registrar of companies of any change in the particulars previously provided to him under the applicable subsection.”;

(d) by inserting the following after subsection (3):

“(3A) A person referred to in subsection (3) or in section 32 (6) of the Act of 2003 shall notify the registrar of companies—

(a) at least once in each year during the currency of the authorisation referred to in that subsection or section, as the case may be, of the fact that the person holds the authorisation,

(b) as soon as possible but not later than one month after the event, of any change in the particulars provided by the person to the registrar, and

(c) as soon as possible but not later than one month after ceasing to hold the authorisation, of the occurrence of that event.”;

(e) by substituting the following for subsection (4):

“(4) If default is made in complying with subsection (1) or (2A), the body of accountants concerned shall be guilty of an offence.”;

(f) by inserting the following after subsection (4):

“(5) Information required to be delivered to the registrar of companies under this section shall be delivered in such form and manner as that registrar may specify.”.