SCHEDULES
F1F1SCHEDULE 11
C1C2Part II Requirements for Recognition
Sch. 11 Pt. II amended (1.10.1991) by S.I. 1991/824, regs. 1(2)(a), 11(6); S.I. 1991/1996, art. 2(1)(a)
Sch. 11 Pt. II excluded (1.10.1991) by S.I. 1991/824, regs. 1(2)(a), 11(4); S.I. 1991/1996, art. 2(1)(a)
Sch. 11 Pt. II excluded (9.2.2005) by The European Communities (Recognition of Professional Qualifications) (First General System) Regulations 2005 (S.I. 2005/18), reg. 11(4) (with reg. 3)
Holding of appropriate qualification
4
1
The body must have rules to the effect that a person is not eligible for appointment as a company auditor unless—
a
in the case of an individual, he holds an appropriate qualification;
b
in the case of a firm—
i
the individuals responsible for company audit work on behalf of the firm hold an appropriate qualification, and
ii
the firm is controlled by qualified persons (see paragraph 5 below).
2
This does not prevent the body from imposing more stringent requirements.
3
A firm which has ceased to comply with the conditions mentioned in sub-paragraph (1)(b) may be permitted to remain eligible for appointment as a company auditor for a period of not more than three months.
Sch. 11 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16; S.I. 2007/3495, art. 8, Sch. 2 Pt. 1 (with arts. 7, 12, Sch. 4 para. 38(2))