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.