(1)The auditor’s report to the members of a friendly society or registered branch must state the name of the auditor [F2(or, where more than one person is appointed as auditor, all of their names)] and be signed and dated.
(2)Where the auditor is an individual, the report must be signed by him.
(3)Where the auditor is a firm, the report must be signed—
(a)in the case of a friendly society [F3subject to special requirements], by the senior statutory auditor in his own name, for and on behalf of the firm;
(b)in any other case—
(i)in the name of the firm by a person authorised to sign on its behalf, or
(ii)if the firm has identified a senior statutory auditor in relation to the audit, by that person, in his own name, for and on behalf of the firm.
[F4(4)Where more than one person is appointed as auditor, the report must be signed by all those appointed.]]
Textual Amendments
F1Ss. 74-74C substituted for s. 74 (29.6.2008 with effect in accordance with art. 1(3) of the amending S.I.) by The Friendly Societies Act 1992 (Accounts, Audit and EEA State Amendments) Order 2008 (S.I. 2008/1140), arts. 1(2), 5
F2Words in s. 74(1) inserted (with effect in accordance with reg. 1(5) of the amending S.I.) by The Statutory Auditors and Third Country Auditors Regulations 2017 (S.I. 2017/516), regs. 1(2), 6(a)
F3Words in s. 74(3)(a) substituted (31.12.2020) by The Friendly Societies (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1039), regs. 1, 5; 2020 c. 1, Sch. 5 para. 1(1)
F4S. 74(4) inserted (with effect in accordance with reg. 1(5) of the amending S.I.) by The Statutory Auditors and Third Country Auditors Regulations 2017 (S.I. 2017/516), regs. 1(2), 6(b)