Written question asked by Baroness Bowles of Berkhamsted (Liberal Democrat) on Friday, 18 January 2019, in the House of Lords. It was due for an answer on Friday, 1 February 2019. It was answered by Lord Henley (Conservative) on Wednesday, 30 January 2019 on behalf of the Department for Business, Energy and Industrial Strategy.

Company Accounts

Question: To ask Her Majesty's Government whether the requirements relating to (1) auditors, and (2) accounts set out in sections 92, 498(1) and (2), 519, 714(4), 836, and 837 of the Companies Act 2006 are intended (a) for the protection of creditors and shareholders, or (b) to be useful to users of accounts.

Answer: These sections of the Companies Act 2006 cover a range of matters including auditor’s duties and capital maintenance. Taken together, they provide for the protection of shareholders and creditors of the company and the provision of information that is useful to users of the accounts who take an interest in the financial position of the company.

Secondary information

Type: Written question
Reference: HL12949
Session: 2017-19
Related items: Company Accounts
Wednesday, 27 February 2019
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Subjects: Audit Company accounts
Legislation: Companies Act 2006
Link: View this Written question on www.parliament.uk