Section 41 introduces for the first time in statute law a requirement for companies to disclose the accounting policies adopted in determining in particular the amounts included in the balance sheet and profit and loss account. Section 42 requires the disclosure of information regarding the remuneration paid to the auditor for audit work, audit related work and non-audit work. Corresponding information for the previous year is also required to be disclosed. Where the remuneration for work is of an insignificant amount, below €1,000, the information does not have to be disclosed. The section also imposes obligations on the audit committee, where the remuneration for non-audit work exceeds the aggregate of the audit and audit related work, to state whether it is satisfied the carrying out of the non-audit work by the auditor did not affect the auditor's independence.