Source: http://www.legislation.gov.uk/ukpga/1988/40/section/124B
Timestamp: 2019-09-15 15:13:06
Document Index: 673313489

Matched Legal Cases: ['art 42', 'art. 3', 'art. 2', 'art. 2', 'art. 2', 'art. 2']

Changes and effects yet to be applied to Section 124B:
s. 124B(2)(b) words inserted by 2017 c. 29 Sch. 8 para. 10
s. 124B(2)(b) words substituted by 2017 c. 29 Sch. 11 para. 7
[F1124B Accounts.E+W
[F3(5A)A corporation in Wales shall consult, and take into account any advice given by, the Auditor General for Wales before appointing any auditor under subsection (4) above in respect of their first financial year.]
(6)No person shall be qualified to be appointed auditor under [F4subsection (4) above] except—
(a)an individual, or firm, eligible for appointment as a [F5statutory auditor under Part 42 of the Companies Act 2006];
“financial year” means that period and each successive period of twelve months.]
F2S. 124B(5) omitted (1.4.2015) by virtue of Local Audit and Accountability Act 2014 (c. 2), s. 49(1), Sch. 12 para. 21; S.I. 2015/841, art. 3(x)
F3S. 124B(5A) inserted (1.4.2005) by Public Audit (Wales) Act 2004 (c. 23), s. 73, Sch. 2 para. 9(1)(3); S.I. 2005/558, art. 2, Sch. 1
F4Words in s. 124B(6) substituted (1.4.2005) by Public Audit (Wales) Act 2004 (c. 23), s. 73, Sch. 2 para. 9(1)(4); S.I. 2005/558, art. 2, Sch. 1
F5Words in s. 124B(6)(a) substituted (6.4.2008) by The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), art. 2(2), Sch. 1 para. 1(kk)(i) (with arts. 6, 11, 12)
C1S. 124B(7): power to exclude conferred (6.5.1992) by Further and Higher Education Act 1992 (c. 13), s. 78(2); S.I. 1992/831, art. 2, Sch. 1