Companies (Statutory Audits) Act 2018

Amendment of section 336 of Principal Act

7. Section 336 of the Principal Act is amended—

(a) in subsection (2)(a), by the substitution of “identify” for “include an introduction identifying”,

(b) in subsection (9A)(b), by the substitution of “his or her” for “his, her or its” in each place where it occurs, and

(c) by the insertion of the following subsection after subsection (9A):

“(10) The Supervisory Authority may prescribe additional requirements, by reference to auditing standards within the meaning of section 1461, in relation to the content of the statutory auditors’ report for all undertakings, or a class of undertakings, only—

(a) if those requirements are necessary in order to give effect to legal requirements in the State relating to the scope of statutory audits, or

(b) to the extent necessary to add to the credibility and quality of the report.”.