In Article 11 (additional report to the audit committee) -

(a) in paragraph 1 -

(i) in the first subparagraph -

(aa) omit "or audit firms";

(bb) for "audited entity" substitute "audited person";

(cc) omit from "Member States" to the end of that subparagraph;

(ii) in the second subparagraph -

(aa) for "audited entity" substitute "audited person";

(bb) for "the body performing equivalent functions within the audited entity" substitute "the management body of the audited person";

(cc) omit from "Member States" to the end of that subparagraph;

(b) in paragraph 2, in the first subparagraph -

(i) in point (b), for "an audit firm" substitute "a firm";

(ii) for point (c) substitute -