(1) The applicant must have knowledge of auditing.
(2) To demonstrate that knowledge, the applicant must, in or with the application, provide the Regulator with appropriate evidence.
Note: The Auditor Registration Instrument sets out the ways in which the requirements of this subregulation may be met.
(3) If the applicant does not provide the evidence referred to in subregulation (2), the applicant may demonstrate his or her knowledge of auditing by complying with subregulation (4).
(4) The applicant must:
(a) have participated in the appropriate kind and number of audits for the appropriate period; and
(b) provide, with his or her application, written reports by 2 eligible referees attesting to the quality of that participation.
Note: The Auditor Registration Instrument sets out the ways in which the requirements of paragraph (4)(a) may be met.
(5) For paragraph (4)(a), the participation must have occurred in the 5 years immediately preceding the day the application is made.