Companies Act 2014

F869[Standards for purposes of sections 1489 to 1491


1492. (1) A recognised accountancy body shall, in respect of statutory auditors and audit firms

(a) have adequate standards requiring those auditors and audit firms to comply with the obligations specified in sections 1489 to 1491, and

(b) institute adequate arrangements for the effective monitoring and enforcement of compliance with such standards.

(2) No standards shall be used by a recognised accountancy body for that purpose unless those standards have (with respect to that use) first been approved by the Supervisory Authority in accordance with section 905(2)(c).]




Inserted (21.09.2018) by Companies (Statutory Audits) Act 2018 (22/2018), s. 51, S.I. No. 366 of 2018.