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.