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Companies Act 2014 section 1583
Savings for disciplinary proceedings in being – 2016 Audits Regulations
Section 1583 ensures that disciplinary proceedings already under way by a recognised accountancy body against its members are not disrupted by the changes introduced by the Companies (Statutory Audits) Act 2018, and sets out the consequences for a member's deemed auditor approval if those proceedings result in termination of membership or withdrawal of auditing approval.
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