Modifications etc. (not altering text)
C1Sch. 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)
C2Sch. 11 Pt. II excluded (1.10.1991) by S.I. 1991/824, regs. 1(2)(a), 11(4); S.I. 1991/1996, art. 2(1)(a)
Sch. 11 Pt. II excluded (9.2.2005) by The European Communities (Recognition of Professional Qualifications) (First General System) Regulations 2005 (S.I. 2005/18), reg. 11(4) (with reg. 3)
4(1)The body must have rules to the effect that a person is not eligible for appointment as a company auditor unless—
(a)in the case of an individual, he holds an appropriate qualification;
(b)in the case of a firm—
(i)the individuals responsible for company audit work on behalf of the firm hold an appropriate qualification, and
(ii)the firm is controlled by qualified persons (see paragraph 5 below).
(2)This does not prevent the body from imposing more stringent requirements.
(3)A firm which has ceased to comply with the conditions mentioned in sub-paragraph (1)(b) may be permitted to remain eligible for appointment as a company auditor for a period of not more than three months.