Seanad debates

Tuesday, 30 September 2014

Companies Bill 2012: Report and Final Stages

 

Government amendment No. 158: In page 1030, between lines 24 and 25, to insert the following:“Audit by Comptroller and Auditor General of companies not trading for gain 1433. (1) This section shall apply to a company which is not trading for the acquisition of gain by its members. (2) The expression “statutory auditor” and the expression “audit of the statutory financial 25 statements” shall, for the purposes of this Act, be deemed to include, respectively, the Comptroller and Auditor General and audit of the statutory financial statements by the Comptroller and Auditor General in any case in which he or she is appointed, under any enactment, auditor of a company to which this section applies. (3) Chapters 18, 20 and 21 of Part 6 shall not apply to the Comptroller and Auditor General in a case falling within subsection (2) nor to the audit of statutory financial statements by him or her in such a case.”.

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