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Notices of Auditors Leaving Office - Consultation on Simplification for Companies and Auditors

Starting Date: 25-11-09

Closing Date: 20-01-10

Purpose of consultation

Consultation invites comments on the options for simplifying the arrangements for the provision of information to shareholders, creditors, the audit and accounting authorities and Companies House when auditors leave office.

Background to consultation

The present arrangements are a combination of measures put in place under the successive Companies Acts to provide information to shareholders and Companies House, and measures introduced in 2006 to meet the requirements of the EU Audit Directive for the provision of similar information to the audit regulatory bodies.

In the Government’s view, after 18 months of operation of the current system, the arrangements may be more complex than necessary and are potentially duplicatory. This document identifies areas for possible simplification and streamlining while still meeting the UK’s obligations under the Directive and the underlying policy goals.

Response to consultation

Responses to this consultation must be received by Tuesday, 20 January 2010.

You can respond by e-mail to pauld.smith@bis.gsi.gov.uk or by post or fax to:

Paul Smith
Audit Policy and Regulation - Corporate Law and Governance
Department for Business, Innovation and Skills
Bay 562
1 Victoria Street
London SW1H 0ET

Fax: 020 7215 0235

If you want to discuss policy issues raised in the consultation, please contact:

Paul Smith
Audit Policy and Regulation - Corporate Law and Governance
Department of Business, Innovation and Skills
Corporate Law and Governance
Bay 562
1 Victoria Street
London SW1H 0ET

Telephone: 020 7215 4164
Fax: 020 7215 0235
email: pauld.smith@bis.gsi.gov.uk

Consultation Documents

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