Ask PLC Home

Practical Law may have moderated questions and answers before publication. No answer to a question is legal advice and no lawyer-client relationship is created between the person asking the question and the person answering it. Where appropriate, you should consult your own lawyer for legal advice. Practical Law's employees are not practising solicitors or barristers. The Ask scope and rules apply.

Share buybacks: can the company's accountants make the audit report required under section 714 of the Companies Act 2006?

When affecting a buyback of shares out of capital under Part 18 of the Companies Act 2006, section 714 states that there must be an auditor's report given. Do the auditors who make this report need to be statutory auditors under Part 42 of the Act (auditors regulated by the Financial Reporting Council) or can accountants make this report in the case of a small company that does not normally have its accounts audited?
Anonymous (Private Practice)

Request a free trial

To access this resource and thousands more, register for a free, no-obligation trial of Practical Law. Register using the button below, telephone +44 (0)20 7202 1220 or e-mail

A free trial will give you:

Unlimited access to Practical Law online know-how
Thousands of market standard documents and clauses
Daily alerts and weekly update e-mails on key legal developments in your practice area


Log in

To access this resource, log in below or register for free access.

Contact us

Our customer services team are available every working day 8.30am to 7pm (GMT).

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1248454896661", "objName" : "Share buybacks can the companys accountants make the audit rep", "userID" : "2", "objUrl" : "", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "false", "analyticsPermCookie" : "2-7fcc06b0:15af51b1192:2511", "analyticsSessionCookie" : "2-7fcc06b0:15af51b1192:2512", "statisticSensorPath" : "" }