Paragraph 6 Lead partnersF1

(1)

The registration body must secure that the register includes, for each provider that is a firm, a list of the individuals who may act as the lead partner for an audit carried out by the firm.

(2)

The registration body must have arrangements designed to secure that an individual appears in the list only if the individual—

(a)

meets the qualification requirement (see paragraph 1 of Schedule 1D),

(b)

otherwise has the necessary competence to act as the lead partner for an audit, and

(c)

is bound by rules determined by the body (which are referred to in this Schedule as “lead partner rules”).

(3)

Any changes in the body’s lead partner rules after its designation must be approved by the Local Audit Office.

(4)

The registration body must have lead partner rules designed to secure that individuals acting as lead partners for audits under this Act maintain high standards of professional conduct.

Annotations

Textual amendments

F1: Schs. 1B-1D inserted (29.4.2026 for specified purposes) by English Devolution and Community Empowerment Act 2026 (c. 23), s. 108(1)(6), Sch. 35