SCHEDULES
SCHEDULE 6Codes of audit practice and guidance
Replacement of code
I15
1
The Comptroller and Auditor General may prepare a code of audit practice to replace a code published under paragraph 2(3) or sub-paragraph (7).
2
The Comptroller and Auditor General must—
a
use reasonable endeavours to ensure that a code is published under sub-paragraph (7) to replace a code published under paragraph 2(3) or that sub-paragraph (“the original code”) before the end of 5 years beginning with the date on which the original code was so published, or
b
if it does not prove possible to comply with paragraph (a), ensure that a code of the kind referred to in that paragraph is published under sub-paragraph (7) as soon as is reasonably practicable after the end of the period referred in that paragraph.
3
Sub-paragraphs (1) and (2) apply regardless of whether the original code has been published with alterations under paragraph 4 in the meantime.
4
A replacement code prepared to comply with sub-paragraph (2) need not make different provision from that made by the original code.
5
After preparing a replacement code, the Comptroller and Auditor General must—
a
publish it in draft, and
b
send it to a Minister of the Crown, who must lay it before Parliament.
6
If, within the 40-day period, either House of Parliament resolves not to approve the replacement code—
a
the code must not be published by the Comptroller and Auditor General, and
b
if the period of 5 years beginning with the date on which the original code was published under paragraph 2(3) or sub-paragraph (7) has expired, the Comptroller and Auditor General must prepare another replacement code.
7
If no such resolution is made within that period, the Comptroller and Auditor General must publish the replacement code.