C1C2C3C4Part 42Statutory Auditors

Annotations:
Modifications etc. (not altering text)
C2

Pt. 42: functions transferred in part (6.4.2008 in accordance with art. 1 of the amending S.I.) by The Statutory Auditors (Delegation of Functions etc) Order 2008 (S.I. 2008/496), art. 4 (which amending S.I. was revoked (2.7.2012) by S.I. 2012/1741, art. 6)

Chapter 2Individuals and firms

Eligibility for appointment

1212Individuals and firms: eligibility for appointment as a statutory auditor

1

An individual or firm is eligible for appointment as a statutory auditor if the individual or firm—

a

is a member of a recognised supervisory body, and

b

is eligible for appointment under the rules of that body.

2

In the cases to which section 1222 applies (individuals retaining only 1967 Act authorisation) a person's eligibility for appointment as a statutory auditor is restricted as mentioned in that section.