This document establishes the formal regulatory framework governing the examination and qualification requirements for company auditors in Great Britain. The text is issued by the British government to codify the standards of professional competence and conduct required for individuals seeking to perform statutory audits. It outlines the legal obligations, examination procedures, and administrative oversight necessary to maintain the integrity of financial reporting within the corporate sector.

Legal professionals and accounting practitioners utilize this text as a foundational regulatory document for understanding the historical requirements for auditor qualification in the United Kingdom. Experts note that while the text is highly technical and specific to the 1990 legislative period, it remains a critical reference for historical analysis of corporate governance standards.