# The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2018, Regulation 85: Amendment of Regulation 537/2014


In Article 10 (audit report)—
(a) in paragraph 1, for “auditor(s) or the audit firm(s)” substitute “auditor”;
(b) in paragraph 2, in the first subparagraph—
(i) for “provisions of Article 28 of Directive 2006/43/EC” substitute “the public interest entity audit reporting requirements”;
(ii) in point (a)—
(aa) for “auditor(s) or the audit firm(s)” substitute “auditor”;
(bb) omit “(were)”;
(iii) in point (b), for “engagement including previous renewals and reappointments of the statutory auditors or the audit firms” substitute “consecutive reappointments of the statutory auditor”;
(iv) in point (c), in the second subparagraph, for “financial statements” substitute “accounts”;
(v) in point (f)—
(aa) for “auditor(s) or the audit firm(s)” substitute “auditor”;
(bb) for “audited entity” substitute “audited person”;
(vi) in point (g)—
(aa) omit “or the audit firm”;
(bb) for “audited entity” substitute “audited person”;
(cc) for “controlled undertaking(s)” substitute “subsidiary undertakings”;
(dd) for “management reports or financial statements” substitute “accounts or the reports required to be prepared by the management body of the audited person to accompany the accounts”;
(c) in paragraph 2, omit the second subparagraph;
(d) in paragraph 4—
(i) omit “or the audit firm”;
(ii) for “any competent authority” substitute “the competent authority”;
(iii) for “that authority” substitute “the authority”.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111174333/regulation/85 (the official version)
Page: https://openlegislation.uk/draft-statutory-auditors-and-third-country-auditors-amendment-eu-exit-regulations-2018/regulation-85
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.