recognised supervisory body

Definition:

a body established in the United Kingdom which (a) maintains and enforces rules as to (i) the eligibility of persons to seek appointment as company auditors, and (ii) the conduct of company audit work, which are binding on persons seeking appointment or acting as company auditors who are members of the body or otherwise subject to its control, and which (b) has been recognised by order of the Secretary of State under the Companies Act.



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