Practitioners are reminded of the requirement to have in place a valid continuity of practice agreement. A sole practitioner or a member who is the only practising certificate holder or statutory auditor in a firm must have a continuity of practice agreement in place. This continuity of practice agreement must be valid and must be made with another firm who holds the same or a higher level of authorisation.
We would recommend that practitioners revisit their continuity of practice plans from time to time to ensure that they remain appropriate and fit for purpose.
For sample agreements please click here