Trade Union and Labour Relations Act 1974

9 (1) Two or more persons who are not qualified under paragraph 6 above may act as auditors of a trade union or employers' association in respect of any accounting period of that union or association if—

(a) its receipts and payments in respect of its last preceding accounting period did not in the aggregrate exceed £5,000 ;

(b) the number of its members at the end of its last preceding accounting period did not exceed 500 ; and

(c) the value of its assets at the end of its last preceding accounting period did not in the aggregrate exceed £5,000.

(2) Where by virtue of sub-paragraph (1) above persons who are not qualified under paragraph 6 above act as auditors in respect of any accounting period of a trade union or employers' association, the Registrar may at any time (whether during that period or after it comes to an end) direct the trade union or employers' association to appoint a person who is so qualified to audit its accounts for that period.

(3) Regulations may—

(a) substitute for any sum or number for the time being specified in sub-paragraph (1) above such sum or number as may be specified in the regulations ; and

(b) prescribe what receipts and payments shall be taken into account for the purposes of that sub-paragraph.