Yn ddilys o 11/08/1994
F1249D The reporting accountantU.K.
(1)The reporting accountant shall be a person who is a member of a body listed in subsectin (3) and who, under the rules of the body is either—
(a)entitled to engage in public practice and not ineligible for appointment as a reporting accountant, or
(b)eligible for appointment as a company auditor.
(2)An individual, a body corporate or a partnership may be appointed as a reporting accountant, and section 26 of the Companies Act 1989 (effect of appointment of partnership) shall apply to the appointment as reporting accountant of a partnership constituted under the law of England and Wales or Northern Ireland, or under the law of any other country or territory in which a partnership is not a legal person
(3)The bodies referred to in subsection (1) are—
(a)the Institute of Chartered Accountants in England and Wales,
(b)the Institute of Chartered Accountants of Scotland,
(c)the Institute of Chartered Accountants in Ireland,
(d)the Chartered Association of Certified Accountants, and
(e)the Association of Authorised Public Accountants.
(4)A person is ineligible for appointment by a company as reporting accountant if he would be ineligible for appointment as an auditor of that company under section 27 of the Companies Act 1989 (ineligibility on ground of lack of independence).
Textual Amendments
F1Ss. 249A-249E and preceding cross-heading inserted (11.8.1994) by S.I. 1994/1935, reg. 2