s.21Circumstances in which action may be taken under section 20(5)
21
Section 21Part 0 —

Circumstances in which action may be taken under section 20(5)

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The circumstances in which an action under section 20(5) may be taken by the Authority are — (a) if the recognised auditor ceases to have a responsible individual; (b) if the Authority is satisfied that the recognised auditor or a responsible individual is not or is no longer competent or fit and proper to act as recognised auditor or responsible individual; (c) if the Authority is otherwise satisfied that the recognised auditor or any responsible individual is not or is no longer eligible to be entered on the register; (d) if the Authority is informed by a person to whom the Authority has delegated any of its functions under section 16 that the recognised auditor or a responsible individual has breached any of the Rules substantially; (e) if the Authority is satisfied that a condition in relation to the registration has been breached; or (f) if the Authority is satisfied that the recognised auditor has not paid the costs of oversight.
if the recognised auditor ceases to have a responsible individual;
if the Authority is satisfied that the recognised auditor or a responsible individual is not or is no longer competent or fit and proper to act as recognised auditor or responsible individual;
if the Authority is otherwise satisfied that the recognised auditor or any responsible individual is not or is no longer eligible to be entered on the register;
if the Authority is informed by a person to whom the Authority has delegated any of its functions under section 16 that the recognised auditor or a responsible individual has breached any of the Rules substantially;
if the Authority is satisfied that a condition in relation to the registration has been breached; or
if the Authority is satisfied that the recognised auditor has not paid the costs of oversight.
If an entry on the register has been suspended, cancelled or made subject to conditions or further conditions, the Authority may draw this matter to the attention of the public after the final determination of all appeals.

Cross References