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7.—(1) In section 78A(1) of the 1992 Act (interpretation of Part 6: accounts and audit)(1), at the appropriate places insert—
““firm” means any entity, whether or not a legal person, that is not an individual and includes a body corporate, a corporation sole, and a partnership or other unincorporated association;”;
““senior statutory auditor” has meaning given by section 74A(1) above;”.
(2) In paragraph 4(3) of Schedule 14 to the 1992 Act, omit the definition of “firm”.
Section 78A was inserted by S.I. 2005/2211 and amended by S.I. 2008/948.
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