The Registration of Clubs (Accounts) Regulations (Northern Ireland) 2022

Regulation 6(1)

SCHEDULE 3

Selection of a person for appointment as an independent examiner

1.  An independent examination shall be carried out by someone independent of the club and shall be a person who is not and has not been in the preceding six years –

(a) an official;

(b) an individual involved in the management, control or administration of the club;

(c) an employee of the club;

(d) a relative of an official, or of an employee of the club.

2.  The committee shall ensure that an independent examiner who examines the club’s annual statement of accounts has the relevant skills and knowledge to carry out the examination and to make a report to the committee as set out in Schedule 4.

3.  The skills required of an independent examiner will depend on whether accounts are prepared on a receipts and payments basis or on an accruals basis.

Receipts and payments accounts

4.  The committee shall be satisfied that an independent examiner who examines accounts which are prepared on a receipts and payments basis is familiar with certain basic bookkeeping principles and numeracy skills. Knowledge of accounting standards is not necessary, but a good financial awareness and understanding of the club and the size and nature of the transactions will be required.

Accruals accounts

5.—(1) The committee shall be satisfied that an independent examiner who examines accounts which are prepared on an accruals basis has a good understanding of accountancy principles and practical experience in accountancy.

(2) For the purpose of this paragraph, the independent examiner shall be a member of one of the following –

(a) the Institute of Chartered Accountants in England and Wales;

(b) the Institute of Chartered Accountants of Scotland;

(c) the Institute of Chartered Accountants in Ireland;

(d) the Association of Chartered Certified Accountants;

(e) the Association of Authorised Public Accountants;

(f) the Association of Accounting Technicians;

(g) the Association of International Accountants;

(h) the Chartered Institute of Management Accountants;

(i) the Institute of Chartered Secretaries and Administrators;

(j) the Chartered Institute of Public Finance and Accountancy;

(k) the Institute of Financial Accountants;

(l) the Certified Public Accountants Association;

(m) the Institute of Certified Public Accountants in Ireland.