reporting accountant

an accountant appointed:

1. (a) by the appropriate regulator; or
1. (b) by a firm, having been nominated or approved by the appropriate regulator under section 166 of the Act (Reports by skilled persons); or
1. (c) by an applicant for Part 4A permission;

to report on one or more aspects of the business of a firm or applicant, such as its financial position, including internal controls and reporting returns.