Companies Act 2014


Remuneration of statutory auditors

381. (1) The remuneration of the statutory auditors—

(a) where they are appointed by the directors pursuant to this Chapter, shall be agreed with the directors,

(b) where they are—

(i) appointed by the members pursuant to this Chapter, or

(ii) deemed under section 383(2) to be re-appointed,

may be fixed by the members—

(I) at the annual general meeting or extraordinary general meeting concerned and thereafter at each annual general meeting subsequent to that meeting falling during the auditors’ term of office, or

(II) in such other manner as the members may from time to time resolve,


(c) where they are appointed by the F264[Authority pursuant to section 385, may be fixed by the Authority or, to the extent, and in the circumstances, that the Authority] authorises such to be done, by the directors or members.

(2) For the purposes of this section, any sums paid by the company in respect of the statutory auditors’ expenses shall be deemed to be included in the expression “remuneration”.




Substituted (6.07.2022) by Companies (Corporate Enforcement Authority) Act 2021 (48/2021), s. 12(1) and sch. 2 ref. no. 18, S.I. No. 335 of 2022.

Modifications (not altering text):


Application of section restricted (1.01.2020) by European Union (Qualifying Partnerships: Accounting and Auditing) Regulations 2019 (S.I. No. 597 of 2019), reg. 15, in effect as per reg. 1(2), (3).

Non-application of certain provisions of Principal Act

15. Sections 281 to 286, 305A, 312, 318, 319, 325(1)(c), (d) and (e), 326(1)(c) and (d) and (2)(d), 328, 338, 339, 341, 375, 381 to 385, 392, 396 to 398, 401 and 402 of the Principal Act shall not apply to a qualifying partnership.