Companies Act 2014 section 1628

Appropriate qualification for purpose of section 1627(a)

Section 1628 defines what constitutes an appropriate qualification for a person seeking approval to carry out assurance of sustainability reporting under section 1627(a).

• A person holds an appropriate qualification if they have a qualification from a recognised accountancy body whose training and qualification standards meet or exceed those set out in Schedule 23
• The qualification must specifically relate to undertaking assurance of sustainability reporting of a company as required by EU law
• A recognised accountancy body may exempt a person from parts of the Schedule 23 theoretical knowledge test where they have already passed a university or equivalent examination, or hold a degree or equivalent qualification, in the relevant subjects
• The Supervisory Authority will issue guidelines from time to time to recognised accountancy bodies on how to decide whether to grant such exemptions