The Statutory Auditors and Third Country Auditors Regulations 2016 No. 649

SCHEDULE 1 Requirements for professional ethics, independence, objectivity, confidentiality, auditing standards and audit reporting

16.—(1) In relation to the audit of public interest entities, standards must ensure that A keeps key audit documents and information for at least five years following the creation of such documents and information.

(2) In this paragraph, “key audit documents and information” means—

(a) the documents and information referred to in Articles 4(3), 6, 7, 8(4) to (7), 10, 11, 12(1) and (2), 14, 16(2), (3) and (5) of the Audit Regulation,

(b) information recorded in accordance with the requirements of paragraphs 8, 10, 12 and 15 of this Schedule, and

(c) the audit report.