Part VIII Charitable Companies
69 Investigation of accounts.
1
In the case of a charity which is a company F1the Commission may by order require that the condition and F8relevant accounts of the charity for such period as F2the Commission thinks fit shall be investigated and audited by an auditor appointed F3by the Commission, being a person eligible for appointment as a company auditor under section 25 of the M1Companies Act 1989.
F91A
“Relevant accounts” means accounts required to be audited under Part 7 of the Companies Act 1985.
2
An auditor acting under subsection (1) above—
a
shall have a right of access to all books, accounts and documents relating to the charity which are in the possession or control of the charity trustees or to which the charity trustees have access;
b
shall be entitled to require from any charity trustee, past or present, and from any past or present officer or employee of the charity such information and explanation as he thinks necessary for the performance of his duties;
c
shall at the conclusion or during the progress of the audit make such reports to F4the Commission about the audit or about the accounts or affairs of the charity as he thinks the case requires, and shall send a copy of any such report to the charity trustees.
3
The expenses of any audit under subsection (1) above, including the remuneration of the auditor, shall be paid by F5the Commission.