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Companies (1986 Order) (Accounts of Small and Medium-sized Companies and Minor Accounting Amendments) Regulations (Northern Ireland) 1997

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Special auditors' report

5.  After Article 255A of the 1986 Order there shall be inserted the following Article—

Special auditors' report

255B.(1) This Article applies where—

(a)the directors of a company propose to deliver to the registrar copies of accounts (“abbreviated accounts”) prepared in accordance with Article 254(5) or (6) or 254A(3) (“the relevant provision”),

(b)the directors have not taken advantage of the exemption from audit conferred by Article 257A(1) or (2), and

(c)the company is not exempt by virtue of Article 258 from the obligation to appoint auditors.

(2) If abbreviated accounts prepared in accordance with the relevant provision are delivered to the registrar, they shall be accompanied by a copy of a special report of the auditors stating that in their opinion—

(a)the company is entitled to deliver abbreviated accounts prepared in accordance with that provision, and

(b)the abbreviated accounts to be delivered are properly prepared in accordance with that provision.

(3) In such a case a copy of the auditors' report under Article 243 need not be delivered, but—

(a)if that report was qualified, the special report shall set out that report in full together with any further material necessary to understand the qualification; and

(b)if that report contained a statement under—

(i)Article 245(2) (accounts, records or returns inadequate or accounts not agreeing with records and returns), or

(ii)Article 245(3) (failure to obtain necessary information and explanations),

the special report shall set out that statement in full.

(4) Article 244 (signature of auditors' report) applies to a special report under this Article as it applies to a report under Article 243.

(5) If abbreviated accounts prepared in accordance with the relevant provision are delivered to the registrar, references in Article 248 (requirements in connection with publication of accounts) to the auditors' report under Article 243 shall be read as references to the special auditors' report under this Article..

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