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

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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 auditors statement on the summary financial statements within the United Kingdom.
  • 2008/4 The special auditors report on abbreviated accounts within the United Kingdom.
  • 2008/5 Auditors reports on revised accounts and reports in the United Kingdom.
  • 2008/6 The Senior Statutory auditor under the United Kingdom Companies Act 2006.

I will outline, briefly, the key contents of the four bulletins.

The auditors statement on the summary financial statements within the UK

The purpose of this bulletin is to provide guidance for the auditor...

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By Anonymous
30th Apr 2008 20:46

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

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30th Apr 2008 16:11

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

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