Audit committee
15.23
Mr A started as a clerk in a company and gradually worked his way up to being a finance director. He has in total 20 years' experience in finance related work. In the last 8 years, he was the finance director of a family-owned company where he was primarily responsible for the management of the financial affairs of the company. However, he only has a diploma in accounting. Does Mr A meet the requirements of paragraphs 9.27 and 15.09(1)(c) of the Main LR?
Yes, pursuant to paragraph 7.1 of Practice Note 13, Mr A's qualifications will be acceptable for the purposes of paragraphs 9.27 and 15.09(1)(c) of the Main LR.