§ 1. A person is qualified for the purposes of section 20(2) if he is a member of one of the recognised professional bodies.
§ 2. Those bodies are—
- the Institute of Chartered Accountants in England and Wales;
- the Institute of Chartered Accountants of Scotland;
- the Association of Certified Accountants; and
- the Institute of Chartered Accountants in Ireland.
§ 3. A person is also qualified if he is a member of a body of accountants established in the United Kingdom and recognised by the Secretary of State for the purposes of section 161(1)(a) of the Companies Act 1948.
§ 4. A Scottish firm is qualified if each of the partners in it is so.'— [Mr. Moyle.]
§ Brought up, read the First and Second time, and added to the Bill.