Section 1221(7AA)

For the purposes of subsection (7A), a subject or skill is a required subject or skill if it is covered by a recognised professional qualification and knowledge of it is essential for the pursuit of the profession of statutory auditor, but— the professional qualification already held by the person (“the existing qualification”) does not cover the same or substantially the same subject or skill, or the existing qualification does not demonstrate knowledge of that subject or skill to the same or substantially the same standard as that demonstrated by the recognised professional qualification.

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