Point in time view as at 31/12/2020.
Companies Act 2006, Cross Heading: Meeting of claims arising out of audit work is up to date with all changes known to be in force on or before 05 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
17(1)The body must have adequate rules or arrangements designed to ensure that persons eligible under its rules for appointment as a statutory auditor take such steps as may reasonably be expected of them to secure that they are able to meet claims against them arising out of statutory audit work.U.K.
(2)This may be achieved by professional indemnity insurance or other appropriate arrangements.
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