Companies Act 2014 section 1478

Adequate standards to be applied in administration of aptitude test

Section 1478 requires recognised accountancy bodies to apply adequate standards when administering aptitude tests, subject to prior approval of those standards by the Supervisory Authority.

• Recognised accountancy bodies must apply adequate standards when administering aptitude tests.
• No standards may be used for this purpose unless they have first been approved by the Supervisory Authority.
• The Supervisory Authority acts as the gatekeeper, ensuring the quality and suitability of the standards before they are applied.
• This provision ensures consistency and oversight in the assessment of candidates through aptitude testing.