Schedule 11: Recognised Professional Qualifications Part 2: Requirements for recognition of a professional qualification Chapter 5: Registered Third Country Auditors Section 1241: Meaning of “third country auditor”, “registered third country auditor” etc
1582.This is a new provision that sets out the definition of a third country auditor and a registered third country auditor. The section provides that a third country auditor is an auditor (whether based in the UK or not) of the accounts of a company incorporated or formed in a non-EU country, whose shares are admitted for trading on a UK market such as the London Stock Exchange.