PART 2Amendment of primary legislation

Amendment of the Local Audit and Accountability Act 20146

1

In paragraph 28—

a

in sub-paragraph (3), in the substituted paragraph 6—

i

in sub-paragraph (1)(b)—

aa

after “sub-paragraph (3)” insert “on or before 31 December 2020”; and

bb

for “sub-paragraphs (4) and (5)” substitute “sub-paragraph (4)”;

ii

omit sub-paragraphs (4)(a) and (5);

b

at the end of sub-paragraph (4)(a), omit “and”;

c

after sub-paragraph (4)(a), insert—

aa

in sub-paragraph (2)(a)(ii), omit “, other than the United Kingdom”,

d

after sub-paragraph (4)(b), insert—

, and

c

in sub-paragraph (2)(b)(ii), omit “, other than the United Kingdom”.

e

in sub-paragraph (7), in the substituted paragraph 13—

i

for sub-paragraph (4)(b)(iv) substitute—

iv

work equivalent to that within any of sub-paragraphs (i) to (iii) on the audit of accounts under the law of—

aa

an equivalent third country, or part of an equivalent third country, or

bb

a transitional third country, or part of a transitional third country,

ii

after sub-paragraph (4), insert—

4A

For the purposes of sub-paragraph (4)—

  • “equivalent third country” means a third country granted approval or provisional approval as an equivalent third country in accordance with section 1240A(1)7, as that section applies in relation to statutory audits;

  • “third country” means a country or territory other than the United Kingdom;

  • “transitional third country” means a third country granted approval or provisional approval as a transitional third country in accordance with section 1240A(1), as that section applies in relation to statutory audits.

2

The amendment made by paragraph (1)(d) ceases to have effect on 1st January 2021.

3

The amendments made by paragraph (1)(e) do not affect the ability of a person appointed before exit day to conduct inspections on or after exit day.