Companies (Statutory Audits) Act 2018

Consultation by Supervisory Authority regarding standards and qualifications

31. The Principal Act is amended by the substitution of the following section for section 932:

932. Before granting, renewing, withdrawing, revoking, suspending or refusing a recognition of a body of accountants under section 930 for the purposes of the relevant provisions, the Supervisory Authority may consult with any body of persons or other person as to the conditions or standards required by the body of accountants concerned in connection with membership of that body or, as the case may be, the approval of persons as statutory auditors.”.