Paragraph 6 References to Companies Act

Section 19 of the 1949 Act (auditing of accounts) is amended as follows.

The existing provision becomes subsection (1).

In that subsection, for the words from “Any other body of accountants” to the end substitute “A recognised supervisory body for the purposes of Part 42 of the Companies Act 2006”.

After that subsection insert —

“(2)

In this section, references to a member of a supervisory body for the purposes of Part 42 of the Companies Act 2006 include any person subject to the rules of the body in seeking appointment or acting as a statutory auditor (within the meaning of that Part).”