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Section 485B: Appointment of auditors of private company: additional requirements for public interest entities without audit committees

Companies Act 2006 · 2006 c. 46View on legislation.gov.uk

Part 16: Audit — Chapter 2: Appointment of auditors

This section applies to the appointment under section 485(4) of an auditor or auditors of a private company—

which is also a public interest entity; and
which does not have an audit committee.

But it does not apply to the appointment of an Auditor General as auditor or one of the auditors of the company.

Before an appointment to which this section applies is made the directors must propose an auditor or auditors for appointment.

Before the directors make a proposal under subsection (3), they must carry out a selection procedure in accordance with Article 16(3) of the Audit Regulation , from which their proposed auditor or auditors must be drawn, unless the company is a small or medium sized enterprise within the meaning in Article 2(1)(f) of Directive 2003/71/EC .

Subsection (4) does not apply in relation to a proposal to re-appoint the company's existing auditor or auditors.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.