Part 4

Inquiries and information

Inquiries

Exceptional audit
45
1
The Regulator may, as part of inquiries about a registered social landlord’s financial or other affairs, arrange for a qualified auditor (appointed by the Regulator) to—
a
audit the registered social landlord’s accounts and balance sheet, and
b
report to the Regulator about matters specified by the Regulator.
“qualified auditor” means a person eligible for appointment as auditor of the registered social landlord’s ordinary accounts.
2
It is for the Regulator to pay for the expenses of the audit (including the auditor’s remuneration).
3
An audit done under this section is additional to, and does not affect, any other audit done or to be done under any other enactment.
4
It is an offence for a person, without reasonable excuse, to obstruct a person from carrying out an audit under this section.
5
A person guilty of an offence under subsection (4) is liable on summary conviction to a fine not exceeding level 5 on the standard scale.