SCHEDULES

F1F1SCHEDULE 11

Annotations:
Amendments (Textual)

C1C2Part II Requirements for Recognition

Annotations:
Modifications etc. (not altering text)
C1

Sch. 11 Pt. II amended (1.10.1991) by S.I. 1991/824, regs. 1(2)(a), 11(6); S.I. 1991/1996, art. 2(1)(a)

Meeting of claims arising out of audit work

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1

The body must have adequate rules or arrangements designed to ensure that persons eligible under its rules for appointment as a company 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 company audit work.

2

This may be achieved by professional indemnity insurance or other appropriate arrangements.