32. Amendment of section 31a

Section 31a of the principal Act is amended—

(a)

by deleting the definition of “public interest entity”;

(b)

in the definition of “auditor”, by inserting after the words

“public interest entity” the words “or schedule fund”;

(c)

in the definition of “registered auditor”, by inserting after the words “public interest entity” the words “or schedule fund”;

(d)

in the definition of “recognised auditor”, by inserting after the words “public interest entity” the words “or schedule fund”; and

(e)

by inserting after the definition of “auditor” the following definition:

‘ “executive chairman” refers to the executive chairman of the Audit Oversight Board appointed under section 31c;’.

Report