16.—(1) In relation to the audit of public interest entities, standards must ensure that A keeps key audit documents and information for at least five years following the creation of such documents and information.U.K.
(2) In this paragraph, “key audit documents and information” means—
[F1(a)the documents and information referred to, as appropriate, in—
(i)articles 4(3), 6, 7, 8(4) to (7), 10, 11, 14 and 16(3) of the Audit Regulation,
(ii)any rules made under section 340 of the Financial Services and Markets Act 2000,
(iii)the Financial Services and Markets Act 2000 (Communications by Auditors) Regulations 2001,
(iv)sections 485A to 485C, 489A to 489C and 494ZA of the Companies Act 2006,
(v)paragraphs 3B to 3E of Schedule 11 to the Building Societies Act 1986,
(vi)paragraphs 2 to 5 of Schedule 14A to the Friendly Societies Act 1992,
(vii)sections 485A to 485C and 494ZA of the Companies Act, as applied to—
(aa)limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 (see in particular regulation 36 and 38A), or
(bb)insurance undertakings by the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008 (see in particular regulation 6(1A)) (“insurance undertaking” has the meaning given by regulation 2 of those Regulations),]
(b)information recorded in accordance with the requirements of paragraphs 8, 10, 12 and 15 of this Schedule, and
(c)the audit report.
Textual Amendments