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Audit Offence

Section 507 of the Companies Act 2006 created new offences relating to reports on company audits. It is possible that behaviour by auditors that could involve committing one of these offences could also be pursued by the auditors' regulatory authorities.

The Secretary of State has issued guidance under section 508 to help regulatory and prosecuting authorities to determining how they should carry out their functions in these circumstances.

Companies Act 2006, section 508. Guidance for regulatory and prosecuting authorities in England, Wales and Northern Ireland: offences in connection with auditors' reports (section 507) (40KB)

The guidance refers to:

Background note: audit and auditors (PDF, 29 Kb)