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Share buybacks: can the company's accountants make the audit report required under section 714 of the Companies Act 2006?

When affecting a buyback of shares out of capital under Part 18 of the Companies Act 2006, section 714 states that there must be an auditor's report given. Do the auditors who make this report need to be statutory auditors under Part 42 of the Act (auditors regulated by the Financial Reporting Council) or can accountants make this report in the case of a small company that does not normally have its accounts audited?
Anonymous (Private Practice)

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