CONTAMINATED SITES REGULATIONS 2006 - REG 59B

CONTAMINATED SITES REGULATIONS 2006 - REG 59B

59B .         Supporting expert must have insurance

                An auditor must not carry out a function as an auditor in reliance on assistance from a supporting expert unless the supporting expert is covered by insurance —

            (a)         that is in effect in respect of the expert’s civil liability for anything done or omitted in relation to providing the assistance; and

            (b)         that provides cover of not less than $5 000 000 for a claim.

        Penalty: a fine of $1 000.

        [Regulation 59B inserted: SL 2022/99 r. 24.]