The Companies Act 2006 and the Statutory Auditors and Third Country Auditors Regulations 2007, both as amended, give effect in the UK to the requirements of the Statutory Audit Directive (2006/43/EC). As a part of that statutory framework there is a delegation of powers and responsibilities to the FRC, including powers to make binding regulations in specific areas. The FRC has made four legal instruments under those powers.
Statutory Auditors (Transparency) Instrument 2008
Statutory Auditors (Registration) Instrument 2008
Statutory Auditors (Examination) Instrument 2008
Third Country Auditors (Fees) Instrument 2011
Note: Instruments made prior to 2012 are made in the name of the Professional Oversight Board, and have effect as if they were made by the FRC.