- Latest available (Revised)
- Original (As made)
There are currently no known outstanding effects for the The Statutory Auditors and Third Country Auditors Regulations 2013, Section 7.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
7.—(1) A third country auditor may apply to the designated body for registration.
(2) An application for registration must be in writing.
(3) An application for registration must include—
(a)the information required for entry in the register (see regulation 6), other than the registered number;
(b)the statement required by regulation 8 (application statement);
(c)evidence demonstrating that the matters included in the statement required by regulation 8 (application statement) are correct;
(d)in respect of each [F1UK-traded third country company] for which the third country auditor provides an audit report—
(i)the company's name and any number the company has by virtue of its incorporation,
(ii)the third country or territory in which the company is incorporated or under the law of which it is formed,
(iii)the accounting period to which the audit report relates, and
(iv)a statement of the auditing standards and independence requirements applied to the audit; and
(e)a description of the third country auditor's internal quality control system,
(f)a statement of whether and, if so, when a quality assurance review has been carried out in respect of the third country auditor, and
(g)information required by the designated body about the outcome of a quality assurance review.
(4) For the purposes of paragraph (3)(c) a statement by the third country competent authority which oversees or regulates the third country auditor to the effect that the third country auditor is a fit and proper person to conduct audits in that third country may be treated as evidence demonstrating that the statement required by regulation 8(c) is correct.
(5) An application for registration must—
(a)in the case of a third country auditor who is an individual, be signed by the individual;
(b)in the case of a third country auditor which is a firm, be signed by a person authorised by the firm to sign on its behalf.
(6) An application may be delivered to the designated body by electronic means, if the designated body so agrees.
Textual Amendments
F1Words in reg. 7(3)(d) substituted (31.12.2020) by The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/177), regs. 2, 60; 2020 c. 1, Sch. 5 para. 1(1)
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: