Companies Act, 1990
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Approval of qualifications obtained outside the State. |
189.—(1) Without prejudice to section 187 , the Minister may declare that, subject to subsection (2), persons who hold— | |
(a) a qualification entitling them to audit accounts under the law of a specified country outside the State, or | ||
(b) a specified accountancy qualification recognised under the law of a country outside the State, | ||
shall be regarded as qualified for appointment as auditor of a company or a public auditor. | ||
(2) Before making a declaration under subsection (1), the Minister— | ||
(a) must be satisfied that the qualification concerned is of a standard not less than is required by the Companies Acts to qualify a person for appointment as auditor of a company or a public auditor, and | ||
(b) may direct that such a person shall not be treated as qualified for the purposes of subsection (1) unless he holds such additional educational qualifications as the Minister may specify for the purpose of ensuring that such persons have an adequate knowledge of the law and practice in the State relevant to the audit of accounts, and | ||
(c) may have regard to the extent to which persons qualified under the Companies Acts for appointment as auditor of a company or a public auditor are recognised by the law of the country in question as qualified to audit accounts there. | ||
(3) Different directions may be given under subsection (2) (b) in relation to different qualifications. | ||
(4) The Minister may, if he thinks fit, revoke or suspend for a specified period, in such manner and on such conditions as he may think appropriate, any declaration previously made under subsection (1). |