Part 7Accounts, audit and annual returns
Auditors
92Persons ineligible for appointment as auditors etc
1
This section applies to an appointment by a registered society of a person—
a
as auditor of the society,
b
for the purposes of making a report of a kind mentioned in row 5 or 6 of the table in section 82 (report on interim revenue account or balance sheet), or
c
under section 85 (duty to obtain report in certain cases where section 83 disapplied).
2
None of the following may be appointed—
a
an officer or employee of the society or any connected registered society;
b
an employee, employer or partner of a person within paragraph (a);
c
a person prohibited by section 1214 of the Companies Act 2006 (independence requirement) from acting as statutory auditor of a company that is a subsidiary of the society.
3
For this purpose, a society is “connected with” another society if—
a
one of them is a subsidiary of the other, or
b
they are both subsidiaries of another registered society.
4
An appointment made in contravention of this section is ineffective for the purposes of this Part.
5
For the purposes of subsection (2), a society's auditor is not to be regarded as an employee of the society (and the auditor is not an “officer” - see section 149).