Companies Act 2014 section 932

Consultation by Supervisory Authority regarding standards and qualifications

Section 932 allows the Supervisory Authority to consult with any body or person about the membership conditions and auditor approval standards of an accountants' body before making decisions on that body's recognition status.

• The Supervisory Authority may grant, renew, withdraw, revoke, suspend or refuse recognition of a body of accountants under section 930.
• Before making any such recognition decision, the Authority may consult with any body of persons or any individual.
• Consultation may cover the conditions or standards required for membership of the accountants' body in question.
• Consultation may also cover the conditions for approving individuals as statutory auditors.