A Closer Look at Reports and Accounts
By any standard the Companies Act 2006 is a significant piece of legislation. It is over 700 pages long, contains some 1,300 sections and will take around three years to implement in full. Early in 2007 the government published an overview of the expected commencement timetable for the new Act, which was subsequently extended. It is now expected that all sections of the Act will be in force by October 2009.
The second of the key implementation dates, 6 April 2008, has passed recently. This landmark date saw the sections of the new Act that deal with accounts and reports and audit come into force. In this briefing we take a closer look at some of the practical changes you can expect to see in these areas.
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