 | |
| Long title | An Act to amend the law relating to company auditors and accounts, to the provision that may be made in respect of certain liabilities incurred by a company’s officers, and to company investigations; to make provision for community interest companies; and for connected purposes. |
|---|---|
| Citation | 2004 c 27 |
| Territorial extent | England and Wales and Scotland, except that sections 14 and 15(1)(b) and (3) and (7) and 17 and 65 to 67 also extend to Northern Ireland and any amendment made by this Act has the same extent as the provision to which it relates.[2] |
| Dates | |
| Royal assent | 28 October 2004 |
| Text of statute as originally enacted | |
| Revised text of statute as amended | |
The Companies (Audit, Investigations and Community Enterprise) Act 2004 (c 27), sometimes called CAICE, is an Act of the Parliament of the United Kingdom.
In 2005 and 2013, Mäntysaari and McLaughlin said this Act is important.[3][4] It includes provisions comparable to the Sarbanes–Oxley Act.[5]
The following consultation documents and reports are precursors of this Act:[6]
- The "Final Report of the Co-ordinating Group on Audit and Accounting Issues" to the Secretary of State for Trade and Industry and the Chancellor of the Exchequer, published in January 2003
- "Review of the Regulatory Regime of the Accountancy Profession: Legislative Proposals", published in March 2003, and the "Report on the public consultation and the Government's conclusions", published in February 2004
- The consultation document "Company Investigations: Powers for the 21st Century" published in October 2001
- The consultation document "Enterprise for Communities: proposals for a Community Interest Company", published in March 2003, and the "Report on the public consultation and the Government's intentions", published in October 2003
- The consultation document "Director and Auditor Liability" published in December 2003
- ^ The citation of this Act by this short title is authorised by section 67 of this Act.
- ^ The Companies (Audit, Investigations and Community Enterprise) Act 2004, section 66
- ^ Petri Mäntysaari. Comparative Corporate Governance. Springer. 2005. p 82. See also pp 81, 84, 142, 151, 153, 154, 163, 184, 188, 196, 197 and 218.
- ^ Susan McLaughlin. Unlocking Company Law. 2nd Ed. Routledge. 2013. p 10. See also pp 50 and 58.
- ^ Graham Mott. Accounting for Non-Accountants. 8th Edition. Kogan Page. 2012. p 8.
- ^ Explanatory notes, paragraph 5
© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search