The Department of Jobs, Enterprise and Innovation (DJEI) has published the European Union (Traded Companies – Corporate Governance Statements) Regulations 2015, (SI No 423 of 2015) which concern the statutory auditor's report on statutory financial statements of traded companies made under Section 391 of the Companies Act 2014.

The Regulations amend Section 1373 of the Companies Act 2014 by substituting subsection (7). The amendment clarifies the duties of the statutory auditor regarding the corporate governance statement, where such a statement is prepared.

It appears that the new wording in subsection (7) is a scaled back version of the original provision.