Part VIII Accounts and Audit
Procedure on completion of accounts
80 Signing of balance sheet: documents to be annexed.
(1)
(2)
The income and expenditure account, F3. . . and the annual business statement shall be annexed to the balance sheet, and so shall any group accounts; and the auditor’s report shall be attached to it.
(3)
The income and expenditure account, F4. . . and the annual business statement shall be approved by the board of directors before the balance sheet is signed on their behalf, and so shall any group accounts; and the date of their approval of those documents shall be endorsed on the balance sheet.
(4)
The directors’ report shall be attached to the balance sheet.
(5)
If a balance sheet has not been signed as required by subsection (1) above, and a copy of it is issued, circulated or published, the building society shall be liable on summary conviction to a fine not exceeding level 3 on the standard scale and so shall any officer who is also guilty of the offence.
(6)
If any copy of a balance sheet is issued, circulated or published—
(a)
without having annexed to it a copy of the income and expenditure account, or
F5(b)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(c)
without having annexed to it a copy of the annual business statement, or
(d)
without having attached to it a copy of the F6auditor’s report, or
(e)
without having attached to it a copy of the directors’ report,
the building society shall be liable on summary conviction to a fine not exceeding level 3 on the standard scale and so shall any officer who is also guilty of the offence.