FRC Statutory Regulations
Published: 25 September 2023
1 minute read
Part 42 of the Companies Act 2006, as amended, together with regulations under that Act, the Statutory Auditors and Third Country Auditors Regulations 2016, as amended, and the EU Audit Regulation as adopted into UK domestic legislation provide the statutory framework for audit regulation in the UK. As a part of that framework the Government has delegated to the FRC powers to make binding regulations in specific areas. The FRC has made four legal instruments under those powers.
The Statutory Auditors (Transparency) Instrument 2008 has been superseded by EU Audit Regulation 537/2014 Article 13. This instrument applies only to financial years commencing on or before 16 June 2016. For financial years commencing on or after 17 June 2016, the new transparency reporting requirements as set out in Article 13 are applicable.
| Name | Statutory Auditors (Transparency) Instrument 2008 |
|---|---|
| Publication date | 31 July 2008 |
| Format | PDF, 22.6 KB |
| Name | Statutory Auditors (Examination) Instrument 2008 |
| Publication date | 3 April 2008 |
| Format | PDF, 17.0 KB |
| Name | Statutory Auditors (Registration) Instrument 2016 |
| Publication date | 17 June 2016 |
| Format | PDF, 1.4 MB |
| Name | Third Country Auditors (Fees) Instrument 2021 |
| Publication date | 2 July 2021 |
| Format | PDF, 77.0 KB |