SCHEDULE 1CONSEQUENTIAL AMENDMENTS OF THE 1985 ACT
14.
(1)
(2)
Omit subsection (2ZA).
(3)
In subsection (2D)—
(a)
omit the words “(2ZA) or”, and
(b)
in paragraphs (a) and (b) omit the words “review or”.
(4)
In subsection (3) omit the words “or (in the case of a quoted company) operating and financial review”.
(5)
In subsection (3A) for “, directors' report or operating and financial review” substitute “or directors' report”.
(6)
In subsection (4)—
(a)
in paragraph (aa) omit—
(i)
the words “or (in the case of a quoted company) the operating and financial review”, and
(ii)
the words “or review”;
(b)
omit paragraph (ac);
(c)
in paragraph (b)(i) omit—
(i)
the words “or operating and financial review”, and
(ii)
the words “or review”;
(d)
“(ca)
state whether, in that report, the auditor’s statement under section 235(3) (whether directors' report is consistent with accounts) was qualified or unqualified and, if qualified, set out the qualified statement in full together with any further material needed to understand the qualification;”.