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SCHEDULES

SCHEDULE 5E+WEligibility and regulation of local auditors

1(1)Part 42 of the Companies Act 2006 (statutory auditors) applies in relation to local audits as it applies in relation to statutory audits within the meaning of that Part, subject to—E+W

(a)the general modifications to that Part in paragraph 2, and

(b)the specific modifications to that Part in the rest of this Schedule.

(2)For the purposes of this Schedule—

[F1(3)The reference in sub-paragraph (1) to Part 42 of the Companies Act 2006—

(a)includes sections 1288, 1289, 1290 and 1292 of that Act (regulations and orders) as they apply in relation to that Part;

(b)does not include the amendments made to that Part by the Statutory Auditors and Third Country Auditors Regulations 2016 [F2and the Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019].]

Textual Amendments

Commencement Information

I1Sch. 5 para. 1 in force at 16.12.2014 in so far as not already in force by S.I. 2014/3319, art. 2(e)