Companies Act 2014 section 1639

Withdrawal of approval under this Part

Section 1639 sets out the circumstances in which a recognised accountancy body must withdraw a person's approval to carry out assurance of sustainability reporting, and the procedures that apply when doing so.

• Approval must be withdrawn if the person loses their status as a statutory auditor or statutory audit firm under Part 27
• Approval must also be withdrawn if the person no longer meets the conditions set out in section 1627(a), (b) or (c)
• The withdrawal procedures mirror those used for withdrawing statutory audit approval under sections 1479 to 1483, including rights of appeal and notification requirements
• References in those procedures to statutory audit approval are read as references to sustainability reporting assurance approval, with any other necessary modifications