Part 2Local authorities: governance and audit
Chapter 3Audit of entities connected with local authorities
Audit of accounts
44Functions of auditor not appointed to conduct statutory audit
1
This section applies to an entity in relation to which a person is appointed under this Chapter for a financial year if—
a
the entity does not appoint that person pursuant to section 43(1), or
b
the entity does so appoint that person but terminates the appointment before the discharge of the person's functions pursuant to the appointment.
2
Where this section applies to an entity which is a company—
a
the person appointed under this Chapter must make a report to the company on the annual accounts of the company for the financial year, and
b
sections 495(2) to (4) and 496 to 501 of the Companies Act 2006 (c. 46) apply as if—
i
that report were a report under section 495(1) of that Act, and
ii
the person appointed under this Chapter were the company's auditor under Part 16 of that Act.
3
Where this section applies to an entity which is a limited liability partnership—
a
the person appointed under this Chapter must make a report to the partnership on the annual accounts of the partnership for the financial year, and
b
sections 495(2) to (4) and 498 to 501 of the Companies Act 2006 apply as if—
i
that report were a report under section 495(1) of that Act, and
ii
the person appointed under this Chapter were the partnership's auditor under Part 16 of that Act.
4
Where this section applies to an entity which is F1a registered society —
a
the person appointed under this Chapter must audit the revenue account or accounts and balance sheet of the society for the financial year and make a report to the society on them,
F2b
section 87(3) to (8) of the Co-operative and Community Benefit Societies Act 2014 apply in relation to that report as they apply to a report under section 87(2) of that Act,
c
section 127(2) of that Act applies in relation to any contravention of section 87(6) of that Act (as applied by paragraph (b)), and
5
The person appointed under this Chapter must send a copy of the report made under this section to—
a
the local authority with which the entity is connected, and
b
the F5Auditor General for Wales.
6
In subsection (3) references to the Companies Act 2006 are to that Act as it applies in relation to limited liability partnerships.