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Part II Requirements for RecognitionC1C2

England, Wales and Scotland

  1. Holding of appropriate qualification
  2. Auditors to be fit and proper persons
  3. Professional integrity and independence
  4. Technical standards
  5. Procedures for maintaining competence
  6. Monitoring and enforcement
  7. Independent monitoring of audits of listed and other major companies
  8. Membership, eligibility and discipline
  9. Investigation of complaints
  10. Independent investigation for disciplinary purposes of public interest cases
  11. Meeting of claims arising out of audit work
  12. Register of auditors and other information to be made available
  13. Taking account of costs of compliance
  14. Promotion and maintenance of standards

Annotations

Modifications

C1

Sch. 11 Pt. II amended (1.10.1991) by S.I. 1991/824, regs. 1(2)(a), 11(6); S.I. 1991/1996, art. 2(1)(a)

C2

Sch. 11 Pt. II excluded (1.10.1991) by S.I. 1991/824, regs. 1(2)(a), 11(4); S.I. 1991/1996, art. 2(1)(a)

Sch. 11 Pt. II excluded (9.2.2005) by The European Communities (Recognition of Professional Qualifications) (First General System) Regulations 2005 (S.I. 2005/18), reg. 11(4) (with reg. 3)

Notes on Schedule 11

Textual amendments

F1

Sch. 11 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16; S.I. 2007/3495, art. 8, Sch. 2 Pt. 1 (with arts. 7, 12, Sch. 4 para. 38(2))