Companies (Auditing and Accounting) Act 2003
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PART 2 Irish Auditing and Accounting Supervisory Authority | ||
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Interpretation of this Part. |
4.—(1) In this Part, except where the context otherwise requires— | |
“amount of turnover” and “balance sheet total” have the same meanings as in section 8 of the Act of 1986; | ||
“board” means the board of directors of the Supervisory Authority; | ||
“chief executive officer” means the Chief Executive Officer of the Supervisory Authority; | ||
“designated body” means a body that, under section 6 (2), is a designated body at the relevant time; | ||
“disciplinary committee” means any disciplinary committee or tribunal (however called) of a prescribed accountancy body; | ||
“enactment” means a statute or an instrument made under a power conferred by a statute; | ||
“functions” includes duties and responsibilities; | ||
“member”, in relation to a prescribed accountancy body, means— | ||
(a) a person, or | ||
(b) a firm, | ||
that is, or was at the relevant time, subject to the investigation and disciplinary procedures approved under section 9 (2)(c) for that body; | ||
“Minister” means the Minister for Enterprise, Trade and Employment; | ||
“parent undertaking” has the same meaning as in the 1992 Regulations; | ||
“prescribed accountancy body” means— | ||
(a) a recognised accountancy body, or | ||
(b) any other body of accountants that is prescribed under section 48 (1)(a) for the purposes of this Act; | ||
“recognised accountancy body” means a body of accountants recognised for the purposes of section 187 of the Act of 1990; | ||
“reserve fund” means the fund established under section 15 ; | ||
“standards”, in relation to a prescribed accountancy body, means the rules, regulations and standards that body applies to its members and to which, by virtue of their membership, they are obliged to adhere; | ||
“subsidiary undertaking” has the same meaning as in the 1992 Regulations; | ||
“superannuation benefits” means pensions, gratuities and other allowances payable on resignation, retirement or death; | ||
“Supervisory Authority” means the company designated by the Minister under section 5 (1); | ||
“the 1992 Regulations” means the European Communities (Companies Group Accounts) Regulations 1992 ( S.I. No. 201 of 1992 ); | ||
“the 1993 Regulations” means the European Communities (Accounts) Regulations 1993 ( S.I. No. 396 of 1993 ). | ||
(2) In this Part “material interest” is to be construed in accordance with section 2 (3) of the Ethics in Public Office Act 1995 . |