Part IV E+W+S Local Passenger Transport Services

Modifications etc. (not altering text)

C1 Part IV (ss. 57-87): Transfer of functions (1.7.1999) by S.I. 1999/672, art. 2, Sch. 1

Further provisions with respect to companies formed under Part IV E+W+S

76 Audit of accounts of public transport companies. E+W

(1) It shall be the duty of any public transport company’s controlling authority to exercise their control over that company so as to ensure that the company appoints only auditors who, in addition to being [F1 eligible for such appointment in accordance with Part II of the Companies Act 1989], are approved for appointment as auditors of that company by the Audit Commission for Local Authorities in England and Wales.

(2) Where a public transport company’s controlling authority are a composite authority, the duty imposed by subsection (1) above is a joint duty of both or all of the component councils of that authority.

(3) This section shall not apply to Scotland.

Textual Amendments

F1 Words in s. 76(1) substituted (1.10.1991) by S.I. 1991/1997, reg. 2, Sch. para.57 (with reg. 4)