Companies (Auditing and Accounting) Bill 2003

Public bill · Government · Presented

Would create the Irish Auditing and Accounting Supervisory Authority to oversee recognised accountancy bodies, investigate possible misconduct, check certain companies’ accounts and take action where standards are not followed. It would also strengthen company reporting by requiring disclosures about accounting policies, auditor fees and independence, audit committees for certain organisations, and directors’ statements on legal compliance, helping improve the reliability and transparency of financial information.

Formal long title

Bill entitled an Act to provide for the establishment of a body to known as the Irish Auditing and Accounting Supervisory Authority or, in the Irish language, Údarás Maoirseachta Iniúchta agus Cuntasaíochta na hÉireann, to give power to it to supervise the regulatory functions of the recognised accountancy bodies and other prescribed accountancy bodies, to amend company law to transfer to the supervisory authority existing functions relating to the recognition of accountancy bodies and to otherwise amend company law in relation to auditing, accounting and other matters

Last updated 16 April 2018