Companies Act 2014

F929[Prohibition of contractual clauses restricting choice of auditors


1512. (1) Section 380(6) shall, with any necessary modifications, apply to an audited undertaking which is not a company and to which this Part applies as that section applies to an audited undertaking which is a company and to which this Part applies.

(2) An audited undertaking that is a public-interest entity shall directly and without delay report to the Supervisory Authority any contractual clause referred to in section 380(6) that purports to affect it and the circumstances which gave rise to that clause.

(3) The Supervisory Authority, on receipt of a report under subsection (2), may share the report with

(a) the F930[Corporate Enforcement Authority],

(b) the Revenue Commissioners,

(c) the Workplace Relations Commission,

(d) the Central Bank, or

(e) any body responsible for the regulation of the public-interest entity.]




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


Substituted (6.07.2022) by Companies (Corporate Enforcement Authority) Act 2021 (48/2021), s. 12(1) and sch. 2 ref. no. 290, S.I. No. 335 of 2022.