Section 20Part 0 —
Application for entry on register
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An application for entry on the register shall be made by an auditor using the application form provided for this purpose by the Authority, and shall be accompanied by such information and documents in support of the application as the Authority may require.
An auditor shall only be entered on the register if prior to the first year of registration the non-refundable prescribed application fee has been paid.
An application for registration may be accepted or refused at the discretion of the Authority.
An application for registration may be accepted subject to conditions.
If an application for registration has been accepted, the Authority may at any time in the circumstances set out in section 21(1) —
(a) cancel or suspend the registration;
(b) make the registration subject to conditions or further conditions; or
(c) vary or withdraw any condition of the registration.
cancel or suspend the registration;
make the registration subject to conditions or further conditions; or
vary or withdraw any condition of the registration.
A person aggrieved by —
(a) the refusal of the Authority of that person’s application for registration;
(b) the cancellation or suspension of that person’s registration by the Authority;
(c) the imposition or variation by the Authority of conditions in respect of that person’s registration; or
(d) the variation of a condition in respect of that person’s registration,
may, within three months of the date of the decision, appeal against the decision to the Grand Court.
the refusal of the Authority of that person’s application for registration;
the cancellation or suspension of that person’s registration by the Authority;
the imposition or variation by the Authority of conditions in respect of that person’s registration; or
the variation of a condition in respect of that person’s registration,
No further appeal shall lie from the decision of the Grand Court on an appeal made under subsection (6).
If an auditor is responsible for the audit of a market traded company or a designated company at the date of commencement of this Law, in this section referred to as the “commencement date”, the auditor may continue to carry on that activity subject to the auditor making an application for entry on the register within three months of the commencement date or other period that the Cabinet may by regulation prescribe and until —
(a) the end of the period within which an appeal can be brought under subsection (6) against the decision on the application; or
(b) where an appeal is brought, the determination or withdrawal of the appeal.
the end of the period within which an appeal can be brought under subsection (6) against the decision on the application; or
where an appeal is brought, the determination or withdrawal of the appeal.
Cross References
- Section 21 of Auditors Oversight Law
Circumstances in which action may be taken under section 20(5)