A year on from the commencement of the Companies Act 2014 and we are all familiar with the changes that came into effect at the commencement but what changes are still to come into affect? 

In essence there are three major changes that are considered below. These all impact on the content of the directors’ report. They are:

• directors’ compliance statement (Section 225 of the Act) [ 88 kb ];
• audit committee statement (Section 167 of the Act) [ 179 kb ]; and
• statement of relevant audit information (Section 330 of the Act) [ 270 kb ].  

This document looks at the changes brought about by directors’ compliance statements.