Part 2 Bus services
F1CHAPTER 2F1Local services franchises
F1Process for making franchising frameworks
F113FAudit of proposed franchising framework
(1)
This section applies if, after preparing an assessment of a proposed franchising framework under section 13E, a local transport authority wish to proceed with the proposed framework.
(2)
The local transport authority must obtain a report from an auditor on the analysis of the financial implications contained in the assessment.
(3)
The auditor's report must state whether, in the opinion of the auditor—
(a)
the information relied on by the local transport authority in conducting the analysis is of sufficient quality,
(b)
the analysis of that information is of sufficient quality, and
(c)
the local transport authority have had regard to the guidance issued under section 13E(5) in preparing the analysis.
(4)
An auditor must, when preparing a report under this section, have regard to any guidance issued by the Scottish Ministers in relation to the preparation of such reports.
(5)
In this section, “auditor” means a person who is eligible to be appointed as a statutory auditor under section 1211 of the Companies Act 2006.