Point in time view as at 11/08/1998. This version of this provision has been superseded.
There are currently no known outstanding effects for the Companies Act 1989, Paragraph 4.
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.
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