1214 Independence requirement
1214 Independence requirement
Companies Act 2006 | Legislation

(1)     A person may not act as statutory auditor of an audited person if one or more of subsections (2), (3) and (4) apply to him.

(2)     This subsection applies if the person is—

(a)     an officer or employee of the audited person, or

(b)     a partner or employee of such a person, or a partnership of which such a person is a partner.

(3)     This subsection applies if the person is—

(a)     an officer or employee of an associated undertaking of the audited person, or

(b)     a partner or employee of such a person, or a partnership of which such a person is a partner.

(4)     This subsection applies if there exists, between—

(a)     the person or an associate of his, and