Companies Act 2014 section 1626

Approval to carry out assurance of sustainability reporting

Section 1626 sets out the power of recognised accountancy bodies to approve individuals, firms, and third-country auditors to carry out assurance of sustainability reporting, and requires written records of all such approvals.

• A recognised accountancy body may approve an individual or a firm that applies to carry out sustainability reporting assurance.
• A recognised accountancy body may also approve a third-country auditor who applies, provided the requirements of section 1640 are met.
• The accountancy body must maintain a written record of all persons it has approved to carry out sustainability reporting assurance.
• Each approved person or firm must be assigned an individual identification number, recorded in accordance with section 1464.