Local Audit and Accountability Act 2014 (c. 2)

SCHEDULES

SCHEDULE 5 E+W Eligibility and regulation of local auditors

27 (1) Section 1262 (index of defined expressions) applies with the following modifications. E+W

(2) Omit the following entries—

• “approved third country competent authority”;

• “audit working papers”;

• “audited person”;

• “Auditor General”;

• “company”;

• “enactment”;

• “main purposes of this Part”;

• “parent undertaking”;

• “recognised, in relation to a qualifying body”;

• “registered third country auditor”;

• “rules of a qualifying body”;

• “statutory auditor, statutory audit and statutory audit work”;

• “subsidiary undertaking”;

• “third country”;

• “third country auditor”;

• “third country competent authority”;

• “transfer (in relation to audit working papers)”;

• “UK-traded non EEA company”.

(3) At the appropriate places insert—

“enactment	section 44(1) of the Local Audit and Accountability Act 2014”;
“local audit	paragraph 1(2) of Schedule 5 to the Local Audit and Accountability Act 2014”;
“local auditor	section 4(1)(b) of the Local Audit and Accountability Act 2014”;
“local audit work	paragraph 1(2) of Schedule 5 to the Local Audit and Accountability Act 2014”;
“officer, in relation to a relevant authority	section 44(1) of the Local Audit and Accountability Act 2014”;
“parish meeting	section 44(1) of the Local Audit and Accountability Act 2014”;
“recognised qualifying body	section 1219(13)”;
“relevant authority	section 2(1) of the Local Audit and Accountability Act 2014”.

(4) In the entry for “officer”, after “officer” insert “ , in relation to a body corporate other than a relevant authority ”.

(5) In the entry for “qualifying body” for “section 1220(1)” substitute “ section 1219(3)(a) ”.

(6) For the entry for “recognised, in relation to a professional qualification” substitute—

“recognised professional qualification

section 1219(12)”.

Commencement Information

I1 Sch. 5 para. 27 in force at 16.12.2014 in so far as not already in force by S.I. 2014/3319, art. 2(e)