Deregulation Act 2015 (c. 20)

SCHEDULES

SCHEDULE 5 E+W+S Auditors ceasing to hold office

PART 1 E+W+S Notification requirements

11 (1) Section 525 (meaning of “appropriate audit authority” and “major audit”) is amended as follows. E+W+S

(2) In subsection (1)—

(a) in paragraph (a)—

(i) for the words before sub-paragraph (i) substitute “ in relation to an auditor of a public interest company (other than an Auditor General) ”;

(ii) in sub-paragraph (ii), after “receiving the” insert “ statement or ”;

(b) in paragraph (b), for the words from the beginning to “a major audit” substitute “ in relation to an auditor of a non-public interest company (other than an Auditor General) ”;

(c) in paragraph (c), for “in the case of an audit conducted by” substitute “ in relation to ”.

(3) Omit subsections (2) and (3).

(4) In the heading, omit “and “major audit””.

Commencement Information

I1 Sch. 5 para. 11 in force at 1.10.2015 by S.I. 2015/1732, art. 2(d) (with arts. 4, 6)