Information Note on Appointment of Auditors by the CEA


The CEA has issued an Information Note on s.385 of the Companies Act 2014 (the 2014 Act), which relates to the appointment of statutory auditors by the CEA.
S.385 of the 2014 Act, which confers on the Corporate Enforcement Authority (“CEA”) the power to appoint an auditor to a company where one has not been appointed at a general meeting. The operation of this provision of the 2014 Act has come into focus in the context of the audit of Irish registered companies and compliance with the European Union sanctioning of Russia following the invasion of Ukraine in February of this year. The purpose of the Information Note is to provide a high-level overview of the issues in question for stakeholders’ benefit.
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