C1Part 2Regulation of Social Housing

Annotations:
Modifications etc. (not altering text)

Chapter 4Registered providers

Accounts

I1133Exempt companies: extraordinary audit

1

This section applies where, in accordance with section 129, a company appoints a reporting accountant to prepare a report in respect of its accounts for any year.

2

The regulator may require the company to—

a

cause a qualified auditor to audit its accounts and balance sheet for that year, and

b

send a copy of the report to the regulator by a specified date.

3

A requirement may not be imposed before the end of the financial year to which it relates.

4

“Qualified auditor”, in relation to a company, means a person who—

a

is eligible for appointment as a statutory auditor of the company under Part 42 of the Companies Act 2006 (c. 46) (statutory auditors), and

b

is not prohibited from acting as statutory auditor of the company by virtue of section 1214 of that Act (independence requirement).