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.