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The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015

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Duties of auditors: audit of a statement of accounts prepared under section 64(1)

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20.—(1) Where a statement of accounts has been prepared under section 64(1) for the relevant financial year, the auditor carrying out the audit of those accounts under section 65(2) must make a report on that statement to the charity trustees which—

(a)states the name and address of the auditor and the name of the charity concerned;

(b)is signed by the auditor or, where the office of auditor is held by a body corporate or partnership, in its name by a person authorised to sign on its behalf;

(c)is dated and specifies the financial year in respect of which the accounts to which it relates have been prepared;

(d)specifies that it is a report in respect of an audit carried out under section 65(2);

(e)states whether in the auditor’s opinion the statement of accounts complies with the requirements of regulation 8, 9 or 10, as applicable, and in particular whether—

(i)the balance sheet gives a true and fair view of the state of affairs of the charity at the end of the relevant financial year; and

(ii)the true and fair view requirements specified in paragraph (2) are satisfied;

(f)where the auditor has formed the opinion that—

(i)accounting records have not been kept in respect of the charity in accordance with section 63(1) and (2);

(ii)the statement of accounts does not accord with those records;

(iii)any information contained in the statement of accounts is inconsistent in any material respect with any report of the charity trustees prepared under section 68 in respect of the relevant financial year; or

(iv)any information or explanation to which the auditor is entitled under regulation 26 has not been afforded to the auditor,

contains a statement of that opinion and of the grounds for forming it.

(2) The true and fair view requirements specified for the purposes of sub-paragraph (e)(ii) of paragraph (1) are that—

(a)in the case of a general charity, the statement of financial activities gives a true and fair view of the total incoming resources and expenditure of resources of the charity in the relevant financial year;

(b)in the case of a special case charity, the statement of income and expenditure gives a true and fair view of the income and expenses of the charity in the relevant financial year;

(c)in the case of an investment fund, the statement of total return gives a true and fair view of the net revenue and net capital gains or losses of the investment fund in the relevant financial year.

(3) The auditor must, in preparing the auditor’s report, carry out such investigations as will enable the auditor to form an opinion as to the matters specified in sub-paragraphs (e) and (f) of paragraph (1).

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