1032. Eligibility For Appointment As An Auditor
(1) A firm is eligible for appointment as an auditor if the firm–
(a) is recognised for the purposes of this section by the Registrar, and
(b) is a member of a recognised professional body and satisfies any additional requirements prescribed by rules made by the Board for the purposes of this section.
(2) In this Part a “recognised professional body” means a body which offers a professional qualification in accountancy and is recognised and approved pursuant to rules made by the Board.