No versions valid at: 01/01/2007
Point in time view as at 01/01/2007. This version of this cross heading contains provisions that are not valid for this point in time.
Companies Act 2006, Paragraph 23A is up to date with all changes known to be in force on or before 02 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Valid from 01/10/2011
[F123A(1)The arrangements referred to in paragraph 13(1)(ba) are appropriate arrangements—U.K.
(a)for enabling the performance by members of the body of third country audit functions to be monitored by means of inspections carried out under the arrangements, and
(b)for ensuring that the carrying out of such monitoring and inspections is done independently of the body.
(2)Those arrangements must provide that the body performing the inspections—
(a)may decide that an inspection referred to in sub-paragraph (1) is not required, or that part of an inspection is not required, in relation to a member, and
(b)may direct that the arrangements referred to in sub-paragraph (3) apply in relation to the member or apply to such extent as may be specified in the direction.
(3)The supervisory body must have adequate arrangements for enabling the performance by its members of third country audit functions to be monitored by means of inspections for cases where a direction is given under sub-paragraph (2)(b).
(4)In this paragraph “third country audit function” means any function related to the audit of a UK-traded non-EEA company.]
Textual Amendments
F1Sch. 10 para. 23A inserted (1.10.2011 with application in accordance with reg. 1(6)) by The Statutory Auditors and Third Country Auditors (Amendment) Regulations 2011 (S.I. 2011/1856), reg. 5(4)
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