Section 196A — Companies Act 1993: Auditor is not required to audit financial statements of non-active company

196A Auditor is not required to audit financial statements of non-active company If, by virtue of section 10A of the Financial Reporting Act 1993 , the directors of a company are not required to comply with section 10 of that Act in respect of an accounting period, the auditor of the company is not required to audit financial statements of the company for that period Section 196A was inserted, as from 18 June 2007, by section 6 Companies Amendment Act (No 2) 2006 (2006 No 62). See clause 2(1) Companies Amendment Act (No 2) 2006 Commencement Order 2007 (SR 2007/108).