C1Part 2Regulation of Social Housing
Chapter 4Registered providers
Accounts
I1133Exempt companies F1or limited liability partnerships: extraordinary audit
1
This section applies where, in accordance with section 129, a F2registered provider appoints a reporting accountant to prepare a report in respect of its accounts for any year.
2
The regulator may require the F3registered provider to—
a
cause a qualified auditor to audit its accounts and balance sheet for that year, and
b
send a copy of the report to the regulator by a specified date.
3
A requirement may not be imposed before the end of the financial year to which it relates.
4
“Qualified auditor”, in relation to a F4registered provider, means a person who—
a
is eligible for appointment as a statutory auditor of the F4registered provider under Part 42 of the Companies Act 2006 (c. 46) (statutory auditors), and
b
is not prohibited from acting as statutory auditor of the F4registered provider by virtue of section 1214 of that Act (independence requirement).
Pt. 2 modified (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 16 para. 69(2); S.I. 2012/628, art. 6(i) (with arts. 911141517)