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Application provision

1.1 This Part applies to:

  1. (1) every firm, except for an incoming firm that does not have a top-up permission; and
  2. (2) the external auditor of such a firm (if appointed under 2 or appointed under or as a result of a statutory provision other than in FSMA).

5.1

19/06/2014

A firm must cooperate with its auditor in the discharge of the auditor’s duties under this Part. In complying with this rule, and in each case subject to section 413 of FSMA (Protected items):

  1. (1) a firm must give its auditor a right of access at all times to the firm’s accounting and other records, in whatever form they are held, and documents relating to its business; and
  2. (2) a firm must allow its auditor to copy documents or other material on the premises of the firm and to remove copies or hold them elsewhere, or give the auditor such copies on request.

5.2

19/06/2014

A firm must take reasonable steps to ensure that:

  1. (1) each of its:
    1. (a) appointed representatives;
    2. (b) suppliers under a material outsourcing arrangement; and
    3. (c) tied agents,

where applicable, gives the firm’s auditor the same rights of access to their own books, accounts and vouchers, and entitlement to information and explanations from their officers as are given in respect of the firm by section 341 of FSMA (Access to books etc); and

  1. (2) all its employees cooperate with its auditor in the discharge of the duties of the auditor under this Part,

in each case subject to section 413 of FSMA (Protected items).