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Enacted Dáil
No. 123 of 2017

Companies (Statutory Audits) Bill 2017

Public bill · Government · Presented

Sets out a new legal framework for company audits in Ireland, replacing older rules and renaming “public auditor” as “statutory auditor.” It strengthens the oversight of auditors and audit firms, gives the Irish Auditing and Accounting Supervisory Authority wider powers to inspect, investigate and sanction breaches, and adds special safeguards for audits of public-interest companies such as listed firms and banks. It also tightens rules on auditor independence, rotation, reporting, public registers and cooperation with other EU regulators. It matters because reliable audits help protect investors, creditors and the wider public from bad financial reporting and conflicts of interest.

Formal long title

Bill entitled an Act to give further effect to Directive 2006/43/EC of the European Parliament and of the Council of 17 May 2006 on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC, as amended by Directive 2014/56/EU of the European Parliament and of the Council of 16 April 2014 amending Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts, and giving further effect to certain provisions of Regulation (EU) No 537/2014 of the European Parliament and of the Council of 16 April 2014 on specific requirements regarding statutory audit of public-interest entities and repealing Commission Decision 2005/909/EC and, for that purpose, to amend the Companies Act 2014; to make provision for certain other amendments to that Act; to provide for the amendment of certain other enactments; and to provide for related matters

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Last updated 25 October 2019

Sponsor
  • Minister for Business, Enterprise and Innovation Primary
Progress
  • First Stage
    Dáil
  • Second Stage
    Dáil
  • Committee Stage
    Dáil
  • Report Stage
    Dáil
  • Fifth Stage
    Dáil
  • Second Stage
    Seanad
  • Committee Stage
    Seanad
  • Report Stage
    Seanad
  • Fifth Stage
    Seanad Enacted
  • Enacted
    Enacted
Debates
  • Companies (Statutory Audits) Bill 2017: Committee and Remaining Stages
    Seanad
  • Companies (Statutory Audits) Bill 2017: Second Stage
    Seanad
  • Companies (Statutory Audits) Bill 2017: Order for Report Stage
    Dáil
  • Companies (Statutory Audits) Bill 2017: Report and Final Stages
    Dáil
  • Companies (Statutory Audits) Bill 2017: Committee Stage
    Select Committee on Business, Enterprise and Innovation
  • Companies (Statutory Audits) Bill 2017: Second Stage (Resumed)
    Dáil
  • Companies (Statutory Audits) Bill 2017: Referral to Select Committee
    Dáil
  • Companies (Statutory Audits) Bill 2017: Order for Second Stage
    Dáil
  • Companies (Statutory Audits) Bill 2017: Second Stage
    Dáil
Documents

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