475. Senior auditor

(1) The senior auditor means the individual identified by the firm as senior auditor in relation to the audit in accordance with—
(a) standards issued by the Board, or
(b) if there is no applicable standard so issued, any relevant guidance issued by—
(i) the Board, or
(ii) a body appointed by the Board.
(2) The person identified as senior auditor must be eligible for appointment as auditor of the company in question (see Chapter 2 of Part 35 of these Regulations).
(3) The senior auditor is not, by reason of being named or identified as senior auditor or by reason of his having signed the auditor's report, subject to any civil liability to which he would not otherwise be subject.