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Paragraph 91 Amendments to the Local Audit and Accountability Act 2014

Original text. Later amendments are not shown.

(1)

Schedule 5 to the Local Audit and Accountability Act 2014 (eligibility and regulation of local auditors)f1 is amended as follows.

(2)

In paragraph 26(3)f2—

(a)

omit the “and” following paragraph (a);

(b)

after paragraph (b), insert—

“and

(c)

after the definition of “officer”, insert—

  • ““specified state” means one of the states specified in Schedule 1 to the Recognition of Professional Qualifications and Implementation of International Recognition Agreements (Amendment) Regulations 2023;

  • “specified state auditor” means an individual who is eligible to conduct audits of the accounts of bodies corporate that are incorporated or formed under the law of a specified state in accordance with the law of that state;”.”.

(3)

In paragraph 27(3), in the table at the appropriate place, insert—

“

“specified state”section 1261(1)
“specified state auditor”section 1261(1)

”.

(4)

In paragraph 28(3)f3, in the substituted paragraph 6 of Schedule 10 to the Companies Act 2006, in sub-paragraph (1)—

(a)

omit the “or” following paragraph (b);

(b)

after paragraph (b), insert—

“(ba)

is a specified state auditor who—

(i)

holds professional qualifications obtained in a specified state that are comparable to an appropriate qualification; and

(ii)

has met a requirement to take an aptitude test or to complete an adaptation period, or to undertake both, imposed on the individual by the body in accordance with Part 2 of the Recognition of Professional Qualifications and Implementation of International Recognition Agreements (Amendment) Regulations 2023, if such a requirement is so imposed, or”.

Annotations

Footnotes

f1

2014 c. 2.

f2

The relevant amending instrument is S.I. 2019/504.

f3

The relevant amending instrument is S.I. 2019/504.