716

Past version: Effective up to 28 Sep 2011

An issuer may appoint different auditors for its subsidiaries or significant associated companies (referred to in Rule 715(1)) provided that:—

(1) the issuer's board and audit committee are satisfied that the appointment would not compromise the standard and effectiveness of the audit of the issuer; or
(2) the issuer's subsidiary or associated company, is listed on a stock exchange.