Eligibility to act as auditor
Eligibility to act as an auditor depends on applicable law, regulation and professional requirements, which can include authorisation, qualifications, registration and independence. Rules vary by jurisdiction and entity. The prospective auditor assesses eligibility before accepting an appointment.
Worked example
A firm checks its local registration and independence status before accepting a statutory audit.
Common mistake
Membership of a professional body alone does not necessarily satisfy every registration, authorisation and independence requirement.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Supporting | September 2026–June 2027 |