The Companies Act 2006 and the auditor. By Steve Collings. | AccountingWEB

The Companies Act 2006 and the auditor. By Steve Collings.

With the implementation of the new Companies Act 2006 (CA 2006), the Auditing Practices Board (APB) has just issued four bulletins which relate to certain provisions within the new Act that affect auditors:

  • 2008/3 – ‘The auditor’s statement on the summary financial statements within the United Kingdom’.

  • 2008/4 – ‘The special auditor’s report on abbreviated accounts within the United Kingdom’.

  • 2008/5 – ‘Auditor’s reports on revised accounts and reports in the United Kingdom’.

  • 2008/6 – ‘The “Senior Statutory”


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Anonymous | | Permalink

The provisions in the bulletins come into effect for accounting periods beginning on or after 6th April 2008.

I did request, prior to the article being published to amend the 'effective from' date shown above, though the bulletins issued by the APB do explicitly state the 'effective from' dates. Apologies for the ambiguity.

Kind regards

Nigel Hughes's picture

Effective from - Years beginning on or after 6/4/2008

Nigel Hughes | | Permalink

I think we have to be a bit careful with effective dates.
I think I'm right in saying that the new regulations apply to financial years beginning on or after 6 April 2008.
This means that quite a few sets of financial statements are still to be prepared under the CA 1985.