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There are currently no known outstanding effects for the The Statutory Auditors and Third Country Auditors Regulations 2013, Section 8.
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8. A third country auditor must make a statement for the purposes of an application under regulation 7 (application for registration of third country auditor) to the effect that—
(a)if an individual, the third country auditor holds a qualification which meets requirements equivalent to those which apply to an appropriate qualification for the purposes of section 1219 M1 of the Act;
(b)if a firm–
(i)a majority of the members of the firm's administrative or management body hold qualifications which meet requirements equivalent to those which apply to an appropriate qualification for the purposes of section 1219 of the Act, and
(ii)each individual who conducts audits of UK-traded non-EEA companies on behalf of the firm holds a qualification which meets requirements equivalent to those which apply to an appropriate qualification for the purposes of that section;
(c)the third country auditor is a fit and proper person to conduct audits of UK-traded non-EEA companies;
(d)the third country auditor conducts audits of UK-traded non-EEA companies in accordance with standards equivalent to those required by Articles 22, 24 and 25 of the Audit Directive (independence, objectivity and audit fees);
(e)the third country auditor conducts audits of UK-traded non-EEA companies in accordance with standards equivalent to those determined under arrangements within paragraph 22 M2 of Schedule 10 to the Act (independent determination of technical standards); and
(f)the third country auditor publishes on a website an annual transparency report equivalent to that required for auditors of public interest entities by Article 40 of the Audit Directive (transparency report).
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