Sections 522 to 525 of the Companies Act 2006 give the requirements for auditors and companies when an auditor ceases to hold office. Auditors should be familiar with the requirements of these sections (see the link below to view the extract). Note S524 is relevant only to the Institute's reporting requirements:
Both the auditor and the company require to notify the "appropriate authority" and there are significant differences in the detail of each:
The appropriate Audit Authority will be either the Institute registering the auditor or the Professional Oversight Body (POB).
POB guidance can be found at www.frc.org.uk/pob/regulation/notification.cfm
Contact details for notifications
The contact details for Supervisory Bodies are as follows:
Non major audits -
Regulation Department
CA House
21 Haymarket Yards
Edinburgh EH12 5BH
e-mail: auditorchange@icas.org.uk
Major audits -
Change of Auditor Notifications
Professional Oversight Board
5TH Floor, Aldwych House
London WC2B 4HN
e-mail: auditorchange@frc-pob.org.uk