In Article 17 (duration of the audit engagement) -

(a) omit paragraph 2;

(b) omit paragraph 4;

(c) in paragraph 7 -

(i) in the first subparagraph, for "audited entity" in both places substitute "audited person";

(ii) omit the second subparagraph;

(iii) in the third subparagraph -

(aa) omit "or the audit firm" in both places;

(bb) for "persons who are registered" substitute "individuals who are eligible for appointment";

(iv) in the fourth subparagraph, omit "or the audit firm" in both places;

(d) in paragraph 8 -

(i) in the first subparagraph -

(aa) for "this Article" substitute "the provisions for the appointment of statutory auditors by public interest entities";

(bb) omit "or the audit firm";

(ii) in the second subparagraph -