Companies Act 2006

[F1[F21253DRestriction on transfer of audit working papers to third countriesU.K.
This section has no associated Explanatory Notes

(1)Audit working papers must not be transferred to a third country competent authority except in accordance with—

(a)section 1253DA (transfer by Secretary of State),

(b)section 1253DB (transfer by statutory auditor with approval of Secretary of State), or

(c)section 1253DC (transfer by statutory auditor for purposes of investigation of auditor).

(2)The following are approved third country competent authorities for the purposes of this Part—

(a)the Australian Securities and Investments Commission;

(b)the Canadian Public Accountability Board;

(c)the Certified Public Accountants and Auditing Oversight Board of Japan;

(d)the Financial Services Agency of Japan;

(e)the Federal Audit Oversight Authority of Switzerland;

(f)the Public Company Accounting Oversight Board of the United States of America;

(g)the Securities and Exchange Commission of the United States of America.

(3)Nothing in the sections referred to in subsection (1) authorises the making of a disclosure in contravention of the Data Protection Act 1998 F3.]]

Textual Amendments

F1Ss. 1253D-1253F and cross-heading inserted (6.4.2008) by The Statutory Auditors and Third Country Auditors Regulations 2007 (S.I. 2007/3494), reg. 15(1) (with reg. 15(2) (as amended by S.I. 2008/499), reg. 2(4)))