SCHEDULEModifications and Adaptations for purposes of Regulation 4

Regulation 4

1

1

Accounts prepared under regulation 4 shall comply with the requirements of Part VIII of the 1986 Order as to the content of accounts subject to the following, namely—

a

the provisions of Article 267(2) and (3) of that Order14 (meaning of “undertaking” and related expressions).

b

the omission of the provisions mentioned in paragraph 2(1), and

c

any necessary modifications to take account of the fact that partnerships are unincorporated.

2

For the purposes of the provisions of Part VIII of the 1986 Order as applied to accounts so prepared, these Regulations shall be regarded as part of the requirements of that Order.

2

1

The provisions referred to in paragraph 1(1)(b) are—

a

in Part I of Schedule 4 to the 1986 Order, paragraph 3(6) and, in paragraph 3(2), the words from “adopted” to the end;

b

in Part II of that Schedule, paragraph 20;

c

in Part III of that Schedule, paragraphs 36A15, 41, 43, 44, 4516, 50(3)(b), 51(2)17, 5318 and 54;

d

in Schedule 4A to that Order19, paragraphs 13(3) to (5), 14 and 15;

e

in Schedule 5 to that Order20, paragraphs 4, 5, 10, 12, 18, 19 and 29;

f

in Schedule 6 to that Order21, paragraphs 2 to 6, 8 and 9; and

g

Schedule 7 to that Order22, except paragraph 6.

2

Sub-paragraph (1) shall not be construed as affecting the requirement to give a true and fair view under Articles 234 and 235 of the 1986 Order23.

3

Part III of the Companies (Northern Ireland) Order 1990 (eligibility for appointment as auditors) shall apply to auditors appointed for the purposes of regulation 4 as if qualifying partnerships were companies formed and registered under the 1986 Order, subject to any necessary modifications to take account of the fact that partnerships are unincorporated.