Schedule 5: Communications by a company Part 42: Statutory Auditors Chapter 2: Individuals and Firms Section 1217: Supervisory bodies
1552.This section restates section 30 of the 1989 Act and defines a supervisory body as a body established in the UK which maintains and enforces rules regarding the eligibility of persons appointed as statutory auditors and the conduct of statutory audit work. Subsection (4) introduces Schedule 10, which specifies the requirements supervisory bodies must meet in order to be recognised, and the process for doing so.