466. Disclosure Of Services Provided By Auditor Or Associates And Related Remuneration
(1) The Board may make rules for securing the disclosure of–
(a) the nature of any services provided for a company by the company’s auditor (whether in his capacity as auditor or otherwise) or by his associates,
(b) the amount of any remuneration received or receivable by a company’s auditor, or his associates, in respect of any such services.
Nothing in the following provisions of this section affects the generality of this power.
(2) The rules may provide–
(a) for disclosure of the nature of any services provided to be made by reference to any class or description of services specified in the rules (or any combination of services, however described),
(b) for the disclosure of amounts of remuneration received or receivable in respect of services of any class or description specified in the rules (or any combination of services, however described),
(c) for the disclosure of separate amounts so received or receivable by the company’s auditor or any of his associates, or of aggregate amounts so received or receivable by all or any of those persons.
(3) The rules may–
(a) provide that “remuneration” includes sums paid in respect of expenses,
(b) apply to benefits in kind as well as to payments of money, and require the disclosure of the nature of any such benefits and their estimated money value,
(c) apply to services provided for associates of a company as well as to those provided for a company,
(d) define “associate” in relation to an auditor and a company respectively.
(4) The rules may provide that any disclosure required by the rules is to be made–
(a) in a note to the company’s annual accounts (in the case of its individual accounts) or in such manner as is specified in the rules (in the case of group accounts),
(b) in the directors’ report, or
(c) in the auditor’s report on the company’s annual accounts.
(5) If the rules provide that any such disclosure is to be made as mentioned in subsection (4)(a) or (b), the rules may require the auditor to supply the directors of the company with any information necessary to enable the disclosure to be made.