599.This Part concerns the appointment, on a continuing, periodic or ad hoc basis, of auditors and actuaries by authorised persons.  It imposes certain requirements, including a duty to disclose to the Authority information relevant to its functions under the Act.  These provisions carry forward a number of similar provisions in existing legislation.
600.There are some similarities between the roles of auditors and actuaries, and they are therefore dealt with together in this part of the Act.  However, there are also important differences, and these sections will give the Authority the power to act in ways which will recognise the difference in the detailed roles and responsibilities of the two professions.
601.Part XI of the Act gives the Authority various powers to gather information and investigate authorised persons, with section 166 in particular providing a power to require an authorised person to provide the Authority with a report by an accountant or other expert on a particular aspect of his business.  Part XXII deals primarily with the duties and responsibilities of auditors and actuaries in respect of their work for authorised persons.
Commentary on Sections Part Xxii: Auditors and Actuaries