IntroductionN.I.
27.—(1) The main purposes of this Part are to secure that only persons who are properly supervised and appropriately qualified are appointed company auditors, and that audits by persons so appointed are carried out properly and with integrity and with a proper degree of independence.
(2) A “company auditor” means a person appointed as auditor under Chapter V of Part XII of the 1986 Order [F1or Chapter 2 of Part 16 of the Companies Act 2006]; and the expressions “company audit” and “company audit work” shall be construed accordingly.
F1Words in art. 27(2) inserted (1.10.2007) by Companies Act 2006 (Commencement No. 3, Consequential Amendments, Transitional Provisions and Savings) Order 2007 (S.I. 2007/2194), arts. 1(3)(a), 10(1), Sch. 4 para. 64 (with savings in art. 12)