SCHEDULES

SCHEDULE 5Auditors ceasing to hold office

PART 1Notification requirements

I110

1

Section 524 (information to be given to accounting authorities) is amended as follows.

2

For subsection (1) substitute—

1

Where the appropriate audit authority receives a statement under section 522 or a notice under section 523, the authority may forward to the accounting authorities—

a

a copy of the statement or notice, and

b

any other information the authority has received from the auditor or the company concerned in connection with the auditor's ceasing to hold office.

3

Omit subsection (3).

4

In the heading, for “Information to be given” substitute “ Provision of information ”.