Part 42Statutory Auditors

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.