Recognised qualifying body
In the UK statutory audit framework, a recognised qualifying body (RQB) is recognised to offer an audit qualification under the relevant legislation. A qualification and supervision or registration are different requirements; recognition as an RQB does not automatically establish that an individual or firm may accept a particular appointment. Recognition lists and the rules for local audit can differ and change.
Worked example
An aspiring statutory auditor checks whether the relevant qualification comes from a recognised qualifying body and separately considers registration and authorisation.
Common mistake
Do not equate a qualifying body with a supervisory body, even where one professional body holds both designations.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Supporting | September 2026–June 2027 |