Companies Act 2014 section 1627

Conditions for approval to carry out assurance of sustainability reporting as statutory auditor

Section 1627 sets out the eligibility conditions that a statutory auditor must satisfy in order to be approved to carry out assurance of sustainability reporting.

• A person must already be approved and registered as a statutory auditor under Part 27 of the Companies Act 2014 before they can seek approval for sustainability reporting assurance.
• In addition to being a registered statutory auditor, the person must hold an appropriate qualification as defined elsewhere in the Act.
• Auditors from other EU or EEA Member States and auditors from third countries (i.e. countries outside the EU/EEA) face additional requirements, including passing an aptitude test.
• Transitional provisions exist that may modify these requirements for certain statutory auditors already in practice.