Companies Act 2014
F566 [ Standards for purposes of sections 1489 to 1491
1492. (1) A recognised accountancy body shall, in respect of statutory auditors and audit firms —
(a) have adequate standards requiring those auditors and audit firms to comply with the obligations specified in sections 1489 to 1491 , and
(b) institute adequate arrangements for the effective monitoring and enforcement of compliance with such standards.
(2) No standards shall be used by a recognised accountancy body for that purpose unless those standards have (with respect to that use) first been approved by the Supervisory Authority in accordance with section 905(2)(c) . ]
Inserted (21.09.2018) by Companies (Statutory Audits) Act 2018 (22/2018), s. 51, S.I. No. 366 of 2018.