SCHEDULES

SCHEDULE 12Arrangements in which registered third country auditors are required to participate

Arrangements for independent monitoring of audits of UK-traded non-EEA companies

1

(1)

The arrangements referred to in section 1242(1)(a) are appropriate arrangements—

(a)

for enabling the performance by the registered third country auditor of F1functions related to the audit of UK-traded non-EEA companies 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 registered third country auditor.

(2)

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