Companies Act 2006

[F1Technical standards for group auditsU.K.

Textual Amendments

F1Sch. 10 para. 10A and preceding cross-heading inserted (6.4.2008) by The Statutory Auditors and Third Country Auditors Regulations 2007 (S.I. 2007/3494), reg. 20

10A(1)The body must have rules and practices as to technical standards ensuring that group auditors—U.K.

(a)review for the purposes of a group audit the audit work conducted by other persons, and

(b)record that review.

[F2(2)The rules and practices mentioned in sub-paragraph (1) must include provision requiring compliance with any standards for the time being determined by the competent authority under the Statutory Auditors and Third Country Auditors Regulations 2016.]

[F3(3)The body must have rules and practices ensuring that group auditors retain copies of any documents necessary for the purposes of any review in accordance with those standards.]

F4( 4 ). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F4( 5 ). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F4( 6 ). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(7)In this paragraph—

  • “ group auditor ” means a person appointed as statutory auditor to conduct an audit of group accounts;

  • “ group ” has the same meaning as in Part 15 of this Act (see section 474). ]

Textual Amendments