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Companies Act 2006 - ACCA UK's guide to the key issues.

The Companies Act 2006 extends, except as otherwise provided or where the context otherwise requires, to the whole of the United Kingdom including Northern Ireland.

Welcome to ACCA UK's summary of those points in the Companies Act 2006 most likely to impact on members in the corporate sector and public practice. There are no restrictions on using this content; you are welcome to share it with colleagues and clients.

key issues - an overview
Demystifying the Companies Act
ACCA UK recently held a special one day conference which explored the new Companies Act. Detailed articles from speakers on the day are contained in this e-newsletter, while here is an overview of the day’s main points.

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Company constitutions
Mike Griffiths looks at changes to company constitutions, in an overview of his session at ACCA UK’s Companies Act conference.

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Decision making in companies
Mike Griffiths looks at changes to decision making in companies, in an overview of his session at ACCA UK’s Companies Act conference.

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Changes to shares
Mike Griffiths examines changes to shares, in an overview of one of his sessions at ACCA UK’s Companies Act conference.

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The resignation of auditors
Lecturer Stephen McAlpine provides a summary of his session on the resignation of auditors at ACCA UK’s Companies Act Conference.

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Accounting and reporting update
Lecturer Stephen McAlpine provides a summary of his session on accounting and reporting update at ACCA UK’s Companies Act Conference.

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Auditor liability
Lecturer Stephen McAlpine provides a summary of his session on auditor liability at ACCA UK’s Companies Act Conference.

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Signing the audit report
Under the new Act, the requirements for the signature of the auditor’s report have been amended. Auditors will need to sign in their own name, for and on behalf of the firm.

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Companies Act 2006 - ACCA guidance documents
ACCA has produced three guidance documents you may find useful in interpreting the Companies Act.

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Practitioners and the Companies Act
An examination of how the Companies Act will impact on practitioners.

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changes at a glance
Key commencement dates
A summary of the key commencement dates of the Companies Act.

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BERR guide to the Companies Act
BERR's four page guide to the Companies Act 2006.

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Companies House filing deadlines
The Companies Act 2006 has changed the filing deadlines for company accounts.

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Step-by-step guide to the removal and resignation of an auditor
ACCA has prepared a step-by-step guide to the removal and resignation of an auditor under the Companies Act 2006.

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Medium-sized groups
For accounting periods beginning after 6 April 2008 medium-sized groups will need to prepare group consolidated accounts. The exemption that previously applied now only relates to small groups.

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Audit-exempt companies: APB Bulletins
The APB has issued four bulletins for use by auditors, directors and practitioners advising audit-exempt companies.

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Limitation of liability for auditors
FRC guidance on limitation of liability for auditors.

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IAS 600
APB issues IAS 600.

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Directors' service agreements
There are several changes to service agreements for directors under the Companies Act 2006.

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Handover information
Auditors are now required to hand over all ‘relevant’ information to their successor.

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Letter of representation
Proforma example of a letter of representation to insert in the directors’ report.

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Filing of accounts
Part 15 of the Companies Act 2006 sees the introduction of changes to the filing dates for accounts.

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Audit exemption thresholds increased
The audit exemption thresholds for small companies and groups have changed.

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Notification of change of auditor from POB
POB has produced two flowcharts for companies to use when notifying a change of auditor.

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events
ACCA plans second conference
ACCA UK plans to hold a second one day conference on the Companies Act in October.
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