Charities exempt from audit requirements: accountant’s report

18A

1

The report referred to in paragraph 18(4A) is a report—

a

relating to the charity’s accounts prepared in accordance with paragraph 18(3) in respect of the period of account in question, and

b

complying with sub-paragraphs (2) and (3) below.

2

The report must state whether, in the opinion of the reporting accountant—

a

the revenue account or accounts and the balance sheet are in agreement with the books of account kept by the charity under paragraph 18(2),

b

on the basis of the information contained in those books of account, the revenue account or accounts and the balance sheet comply with the requirements of the Charities Act 1993, and

c

on the basis of the information contained in those books of account, paragraph 18(4A) applied to the charity in respect of the period of account in question.

3

The report must also state the name of the reporting accountant and be signed by him.

4

Paragraph 18(7) applies to the reporting accountant and his functions under this paragraph as it applies to an auditor and his functions under paragraph 18.

5

The Relevant Authority may, in respect of a relevant period of account of a charity, give a direction to the charity requiring it—

a

to appoint a qualified auditor to audit its accounts for that period, and

b

to furnish to the Relevant Authority a copy of the auditor’s report by such date as is specified in the direction;

and paragraph 18(5) to (7) apply to an auditor so appointed as they apply to an auditor appointed under paragraph 18.

6

For the purposes of sub-paragraph (5), a period of account of a charity is a relevant period of account if—

a

it precedes that in which the direction is given; and

b

paragraph 18(4A) applied in relation to it.

7

In this paragraph “period of account” and “qualified auditor” have the same meaning as in paragraph 18(4A).