PART 3Restrictions on choice of Auditor
Contractual terms restricting choice of auditor12
1
This regulation applies to any term in a contract which, in relation to the conduct of a statutory audit of an audited person, has the effect of restricting the audited person's choice of statutory auditor to certain categories or lists of statutory auditors.
2
A term to which this regulation applies shall have no effect.
3
Paragraph (2) does not apply where the audited person is a public interest entity.