ABSTRACT
The objectives of Part 42 are first, to replace Part 2 of the CA 1989 and equivalent Northern Ireland provisions, by restating those provisions with some modifications. Second, to extend the category of auditors that are subject to regulation, and to make provision for the registration and regulation of auditors (whether based in the UK or not) who audit companies that are incorporated outside the EU, but listed in the UK. Third, to provide that the Comptroller and Auditor General and the regional Auditors General are eligible to be appointed to perform statutory audits, and to provide a mechanism for the regulation and supervision of their functions as statutory auditor.
