A Bill to remove the requirement for small co-operative societies to appoint lay auditors; to increase the threshold for co-operative societies to disapply the full audit requirement to the same level as PLCs; to require auditors to report contingent on a threshold of share capital instead of turnover or on a special resolution at a general meeting; and for connected purposes.
House of Commons
30 January 2017
May contain errors — check source documents for definitive information.
If passed, this bill would change how audits work for small and medium co-operatives. It would remove the obligation for small co-operatives to appoint lay auditors, raise the size threshold at which a full external audit is required to the level used for public limited companies, and change when auditors must report: the trigger would be a share capital threshold (instead of turnover) or by a special resolution at a general meeting.
Generated 21 February 2026
8 Nov 2016
This Bill has been dropped by its sponsoring MP and will not progress any further.
This Bill was expected to have its second reading on Friday 3 February 2017. The Bill had its first reading on 8 November 2016 through the 10 Minute Rule procedure.
If you require any further information about the Bill then please contact the sponsoring MP Mr Adrian Bailey.
No recorded votes for this bill yet.
