The Statutory Auditors and Third Country Auditors Regulations 2013

Application for registration of third country auditor

7.—(1) A third country auditor may apply to the designated body for registration.

(2) An application for registration must be in writing.

(3) An application for registration must include—

(a) the information required for entry in the register (see regulation 6), other than the registered number;

(b) the statement required by regulation 8 (application statement);

(c) evidence demonstrating that the matters included in the statement required by regulation 8 (application statement) are correct;

(d) in respect of each UK-traded non-EEA company for which the third country auditor provides an audit report—

(i) the company’s name and any number the company has by virtue of its incorporation,

(ii) the third country or territory in which the company is incorporated or under the law of which it is formed,

(iii) the accounting period to which the audit report relates, and

(iv) a statement of the auditing standards and independence requirements applied to the audit; and

(e) a description of the third country auditor’s internal quality control system,

(f) a statement of whether and, if so, when a quality assurance review has been carried out in respect of the third country auditor, and

(g) information required by the designated body about the outcome of a quality assurance review.

(4) For the purposes of paragraph (3)(c) a statement by the third country competent authority which oversees or regulates the third country auditor to the effect that the third country auditor is a fit and proper person to conduct audits in that third country may be treated as evidence demonstrating that the statement required by regulation 8(c) is correct.

(5) An application for registration must—

(a) in the case of a third country auditor who is an individual, be signed by the individual;

(b) in the case of a third country auditor which is a firm, be signed by a person authorised by the firm to sign on its behalf.

(6) An application may be delivered to the designated body by electronic means, if the designated body so agrees.