Long title | An Act to amend the law relating to company auditors and accounts, to the provision that may be made in respect of certain liabilities incurred by a company’s officers, and to company investigations; to make provision for community interest companies; and for connected purposes. |
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Citation | 2004 c 27 |
Territorial extent | England and Wales and Scotland, except that sections 14 and 15(1)(b) and (3) and (7) and 17 and 65 to 67 also extend to Northern Ireland and any amendment made by this Act has the same extent as the provision to which it relates. [2] |
Dates | |
Royal assent | 28 October 2004 |
Text of statute as originally enacted | |
Revised text of statute as amended |
The Companies (Audit, Investigations and Community Enterprise) Act 2004 (c 27), sometimes called CAICE, is an Act of the Parliament of the United Kingdom that regulates certain practices in financial record keeping and reporting for companies.
In 2005 and 2013, Mäntysaari and McLaughlin said this Act is important. [3] [4] It is comparable to the US Sarbanes–Oxley Act. [5]
The following consultation documents and reports are precursors of this Act: [6]
In 2005, Griffiths thought that powers to require documents, under section 21 of this Act, and to enter and remain on premises, under section 23 thereof, were reminiscent of the novel Nineteen Eighty-Four. [7]
This Part introduces community interest companies, and the officer known as the Regulator of Community Interest Companies.
The Companies (Audit, Investigations and Community Enterprise) Act 2004 (Commencement) and Companies Act 1989 (Commencement No 18) Order 2004 (S.I. 2004/3322 (C. 154)) was made under this section. [8]
The Community Interest Company Regulations 2005 (SI 2005/1788) were made under powers conferred by this Act. [9]
The Sarbanes–Oxley Act of 2002 is a United States federal law that mandates certain practices in financial record keeping and reporting for corporations. The act, Pub. L. 107–204 (text)(PDF), 116 Stat. 745, enacted July 30, 2002, also known as the "Public Company Accounting Reform and Investor Protection Act" and "Corporate and Auditing Accountability, Responsibility, and Transparency Act" and more commonly called Sarbanes–Oxley, SOX or Sarbox, contains eleven sections that place requirements on all U.S. public company boards of directors and management and public accounting firms. A number of provisions of the Act also apply to privately held companies, such as the willful destruction of evidence to impede a federal investigation.
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The Employment Relations Act 2004 is an Act of the Parliament of the United Kingdom which amended UK law regarding trade union membership and industrial action. The Act also enabled the UK government to make funds available to trade unions and federations of trade unions to modernise their operations.
Statutes in Force was the fourth revised edition of the statutes. Publication began in 1972. It was completed in 1981.
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Administration in United Kingdom law is the main kind of procedure in UK insolvency law when a company is unable to pay its debts. The management of the company is usually replaced by an insolvency practitioner whose statutory duty is to rescue the company, save the business, or get the best result possible. While creditors with a security interest over all a company's assets could control the procedure previously through receivership, the Enterprise Act 2002 made administration the main procedure.
The Employment Tribunals Act 1996, formerly called the Industrial Tribunals Act 1996, is an act of the Parliament of the United Kingdom, relating to UK labour law, that establishes the Employment Tribunals and Employment Appeal Tribunal, and sets their jurisdiction.
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