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AUDIT TENDERS NOTES ON BEST PRACTICE

AUDIT TENDERS NOTES ON BEST PRACTICE

www.frc.org.uk

6 Audit Tenders Notes on best practiceFebruary 2017 Timing of the tender may need to have regard to the interaction between differing rotation requirements where a group has PIEs in more than one EU jurisdiction. The UK requires retendering after 10 years and rotation after 20 years. Other member states have selected shorter time periods.

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