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Auditors Professional Oversight Oversight of Audit Recognition of RSBs and RQBs

Recognition of RSBs and RQBs

There are currently four Recognised Supervisory Bodies (RSBs) and six Recognised Qualifying Bodies (RQBs) for the purpose of statutory audit.

Requirements for RSBs

The requirements for recognition as a RSB (to be updated)  are in Schedule 10 of the Companies Act 2006, as amended by SATCAR 2016.  

Recognised supervisory bodies (RSBs)

  1. Association of Chartered Certified Accountants (ACCA)
  2. Chartered Accountants Ireland (CAI)
  3. Institute of Chartered Accountants in England and Wales (ICAEW)
  4. Institute of Chartered Accountants of Scotland (ICAS) 

Requirements for RQBs

The requirements for recognition as an RQB are in Schedule 11 of the Companies Act 2006.

Recognised qualifying bodies (RQBs)

  1. Association of Chartered Certified Accountants (ACCA)
  2. Association of International Accountants (AIA)
  3. Chartered Institute of Public Finance and Accountancy (CIPFA)note 1
  4. Institute of Chartered Accountants in England and Wales (ICAEW)
  5. Chartered Accountants Ireland (CAI)
  6. Institute of Chartered Accountants of Scotland (ICAS)


Note 1:  CIPFA's status as an RQB is currently in abeyance.

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