Schedule 10, Part 2, paragraph 13(3)

The arrangements referred to in sub-paragraph (1)(a) must— make provision for inspections to be conducted by the competent authority or any recognised supervisory body to whom that authority has delegated tasks in accordance with regulation 3 of the Statutory Auditors and Third Country Auditors Regulations 2016; and include an inspection which is conducted in relation to each person eligible for appointment as a statutory auditor— at such frequency as the body considers appropriate given the risks arising from the statutory audit work undertaken by the person eligible for appointment as a statutory auditor; and at least once every six years in the case of a person who, during any of the previous five years, has carried out a statutory audit of an entity not subject to the small companies regime (see section 381).

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Source: legislation.gov.uk · retrieved 2026-09-04