PART 6OTHER AMENDMENTS AND REVOCATIONS
Meaning of “appropriate audit authority” and “major audit”41
1
Section 525(1) of the Companies Act 2006 (meaning of “appropriate audit authority”) is amended as follows.
2
In paragraph (a) after “major audit” insert “
(other than one conducted by an Auditor General)
”
.
3
In paragraph (b) after “an audit” insert “
(other than one conducted by an Auditor General)
”
.
4
After paragraph (b) insert—
c
in the case of an audit conducted by an Auditor General, the Independent Supervisor.
5
In the closing words—
a
for “ “Supervisory body” has the same meaning” substitute “
“Supervisory body” and “Independent Supervisor” have the same meaning
”
;
b
for “section 1217” substitute “
sections 1217 and 1228
”
.