Part II Eligibility for Appointment as Company Auditor

Introduction

24Introduction.

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Eligibility for appointment

25 Eligibility for appointment.

F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

26 Effect of appointment of partnership.

F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

27 Ineligibility on ground of lack of independence.

F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

28 Effect of ineligibility.

F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

29 Power of Secretary of State to require second audit.

F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Recognition of supervisory bodies and professional qualifications

30 Supervisory bodies.

F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

31 Meaning of “appropriate qualification”.

F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

32 Qualifying bodies and recognised professional qualifications.

F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

33 Approval of overseas qualifications.

F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

34 Eligibility of individuals retaining only 1967 Act authorisation.

F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Duties of recognised bodies

35 The register of auditors.

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

36 Information about firms to be available to public.

F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

37 Matters to be notified to the Secretary of State.

F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38 Power to call for information.

F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

39 Compliance orders.

F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

40 Directions to comply with international obligations.

F17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Offences

41 False and misleading statements.

F18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

42 Offences by bodies corporate, partnerships and unincorporated associations.

F19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

43 Time limits for prosecution of offences.

F20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

44 Jurisdiction and procedure in respect of offences.

F21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Supplementary provisions

45 Fees.

F22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

46 Delegation of functions of Secretary of State.

F23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F2446ACircumstances in which Secretary of State may delegate functions to existing body

F25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

47 Restrictive practices.

F26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

48 Exemption from liability for damages.

F27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

49 Service of notices.

F28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

50 Power to make consequential amendments.

F29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

51 Power to make provision in consequence of changes affecting accountancy bodies.

F30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

52 Meaning of “associate”.

F31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

53 Minor definitions.

F32. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

54 Index of defined expressions.

F33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .