Clause 40

by deleting the words “properly drawn up” in the 4th line of subsection (2)(a);

by deleting sub-paragraph (i) of subsection (2)(a) and substituting the following sub-paragraph:“(i)in compliance with the requirements of the Accounting Standards and give a true and fair view of the matters required by section 201 to be dealt with in the accounts and, as the case may be, the consolidated accounts; and”; (c)by inserting, immediately after paragraph (a) of subsection (2), the following paragraph:“(aa)if the accounts or consolidated accounts do not comply with any requirement of the Accounting Standards and the approval of the Registrar under section 201(14) to such non-compliance has not been obtained, whether such non-compliance is, in the opinion of the auditor, necessary for the accounts or consolidated accounts to give a true and fair view of any matter required by section 201 to be dealt with in them;”; (d)by deleting the words “and the registers” in the 1st and 2nd lines of subsection (2)(b); (e)by deleting the words “(b) or (c)” in subsection (2)(e) and substituting the words “(aa), (b) or (c)”; and

by deleting the word “including” in subsection (3)(b) and substituting the word “excluding”.