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The Government of Wales Act 2006 (Approved European Body of Accountants) Order 2007

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Welsh Statutory Instruments

2007 No. 2973 (W.256)

PUBLIC AUDIT, WALES

The Government of Wales Act 2006 (Approved European Body of Accountants) Order 2007

Made

15 October 2007

Laid before the National Assembly for Wales

16 October 2007

Coming into force

1 December 2007

The Welsh Ministers make this Order in exercise of the power conferred on them by paragraph 21(6) of Schedule 8 to the Government of Wales Act 2006(1).

Title and commencement

1.  The title of this Order is the Government of Wales Act 2006 (Approved European Body of Accountants) Order 2007 and it comes into force on 1 December 2007.

Approval of the Chartered Institute of Public Finance and Accountancy and the Chartered Institute of Management Accountants

2.—(1) Each of the bodies mentioned in paragraph (2) is an approved European body of accountants for the purposes of paragraph 21(6) of Schedule 8 to the Government of Wales Act 2006.

(2) The bodies referred to in paragraph (1) are—

(a)The Chartered Institute of Public Finance and Accountancy; and

(b)The Chartered Institute of Management Accountants.

Andrew Davies

Minister for Finance and Public Service Delivery, one of the Welsh Ministers.

15 October 2007

Explanatory Note

(This note is not part of the Order)

This Order provides that each of The Chartered Institute of Public Finance and Accountancy (“CIPFA”) and The Chartered Institute of Management Accountants (“CIMA”) is an approved European body of accountants for the purposes of paragraph 21(6) of Schedule 8 to the Government of Wales Act 2006.

Consequently, CIPFA and CIMA will fall within the definition of “accountancy body” in that sub-paragraph of that Schedule.

The Auditor General for Wales will be able to make arrangements with CIPFA and CIMA, under paragraph 21(3) of that Schedule, to co-operate with, and give assistance to, each other.

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