SCHEDULES

SCHEDULE 5Eligibility and regulation of local auditors

I11

1

Part 42 of the Companies Act 2006 (statutory auditors) applies in relation to local audits as it applies in relation to statutory audits within the meaning of that Part, subject to—

a

the general modifications to that Part in paragraph 2, and

b

the specific modifications to that Part in the rest of this Schedule.

2

For the purposes of this Schedule—

  • a “local audit” means an audit under this Act of the accounts of a relevant authority;

  • “local audit work” means work in connection with such audits.

F13

The reference in sub-paragraph (1) to Part 42 of the Companies Act 2006—

a

includes sections 1288, 1289, 1290 and 1292 of that Act (regulations and orders) as they apply in relation to that Part;

b

does not include the amendments made to that Part by the Statutory Auditors and Third Country Auditors Regulations 2016 F2and the Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019.