Removal or resignation of an auditor


Published by a ÀÏ˾»úÎçÒ¹¸£Àû Corporate expert
Practice notes

Removal or resignation of an auditor


Published by a ÀÏ˾»úÎçÒ¹¸£Àû Corporate expert

Practice notes
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Background

This Practice Note summarises the statutory provisions of the Companies Act 2006 (CA 2006) in relation to the removal or resignation of an auditor in respect of financial years beginning on or after 1 October 2015.

Section 18 and Schedule 5 of the Deregulation Act 2015 (DA 2015), which came into force on 1 October 2015, made a number of changes in relation to auditors, which include provisions dealing with the removal or resignation of an auditor. These provisions have effect in respect of financial years beginning on or after 1 October 2015.

For details of the statutory provisions in respect of financial years beginning before 1 October 2015, see archived Practice Note: Removal or resignation of an auditor—financial years beginning before 1 October 2015 [Archived].

In addition to the statutory provisions, there may be other rules relating to the removal or resignation of an auditor that apply to a listed company, an AIM company or a company with securities that are listed on the AQSE Main Market or AQSE Growth Market (formerly the NEX Exchange

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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Resignation definition
What does Resignation mean?

Where an employee has given notice to the employer to terminate the employment relationship.

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