Companies Act 2014 section 1477

Scope of aptitude test

Section 1477 sets out the language requirements, subject matter and approval process for the aptitude test that applicants must pass in connection with statutory audit qualifications.

• The aptitude test must be conducted in either Irish or English.
• The test covers only the applicant's adequate knowledge of Irish enactments and practice relevant to statutory audits.
• The contents of the test are decided by the recognised accountancy body, subject to prior approval by the Supervisory Authority.
• Once approved, the contents of the test cannot be altered without further Supervisory Authority approval.