The Companies (Accounting) Act 2017 makes over 100 changes to the Companies Act 2014. Taken with the Companies (Amendment) Act 2017 and the Beneficial Ownership Regulations 2016, they have introduced significant changes to company and accounting law and practice. This book will explain and contextualise the many changes for legal and accounting practitioners. The Beneficial Ownership Regulations, in particular, are very technical and complex and this book will provide much-needed guidance for practitioners. Written by leading experts in the two relevant fields - accounting and law - this book is ideal for lawyers, accountants, and company secretaries.
Key areas covered by the book include:
* the new four-fold classification of companies for accounting purposes; * micro companies - the new regime; * consolidation of financial statements - key changes; * disclosures in financial statements - key changes; * the new rules regarding payments to governments; * the shrinking exemption from filing financial statements for unlimited companies; * changes to the definition of "external companies"; * changes to the s 357 guarantee; * a comprehensive round-up of the non-accounting amendments to the Companies Act 2014; and * the obligations imposed on relevant entities and beneficial owners by the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2016
The chapters in this book comprise expanded versions of the papers given in Bloomsbury Professional's Companies (Accounting) Act 2017 & Beneficial Ownership Regulations seminar (October 2017). This title is included in Bloomsbury Professional's Irish Company and Commercial Law online service.
Read an extract of Bloomsbury Professional's Company Law Guide 2017
Table of Contents
Chapter 1 Overview of the Companies (Accounting) Act 2017 Chapter 2 The Four-Fold Classification of Companies for Accounting Purposes Chapter 3 The New Financial Reporting Regime for Small Companies Chapter 4 The New Financial Reporting Regime for Micro Companies Chapter 5 Unlimited Companies: Changes to the Exemption from Filing Financial Statements Chapter 6 The New Definition of External Company and the Consequences Chapter 7 Key Changes to the Law on Consolidation of Financial Statements Chapter 8 Key Changes to the Disclosures in Financial Statements of Medium and Large Companies Chapter 9 Changes to the Section 357 Guarantee Chapter 10 The New Rules Regarding Payments to Governments Chapter 11 Miscellany of Amendments to the Companies Act 2014 Chapter 12 The Beneficial Ownership Regulations Appendices Appendix A: Schedule 5 to the Companies Act 2014 Appendix B: Schedule 3A.10 – Applicable formats Appendix C: Small Companies Regime Appendix D: Comparison of Schedules 3, 3A and 3B Appendix E: Comparison of Schedules 4 and 4A Appendix F: Definition of Subsidiary Appendix G: Extract from Application Guidance on IFRS 10 regarding identifying an agent Appendix H: Sample Beneficial Ownership Register Appendix I: Sample Regulation 6 Notice Appendix J: Sample Regulation 8 Notice Appendix K: Sample Regulation 10 Notice Appendix L: European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2016