Part 8

Charity accounts, reports and returns
CHAPTER 3

Audit or examination of accounts

Exempt and excepted charities

Exempt charities
160
1
Nothing in sections 144 to 155 (audit or examination of accounts) applies to an exempt charity.
2
Sections 156(2) to (6) and 157 (duty of auditors etc. of individual accounts to report matters to Commission) apply in relation to a person appointed to audit, or report on, the accounts of an exempt charity which is not a company as they apply in relation to the person referred to in section 156 as “P”, but reading—
a
any reference to P's acting in the capacity mentioned in section 156(1) as a reference to the person acting as a person so appointed, and
b
any reference to the Commission or to any of its functions as a reference to the charity's principal regulator or to any of the latter's functions as principal regulator in relation to the charity.
3
Nothing in section 158 (duty of auditors etc. in relation to group accounts) applies to an exempt charity.
Pt. 8 applied (with modifications) (2.1.2013) by The Charitable Incorporated Organisations (Insolvency and Dissolution) Regulations 2012 (S.I. 2012/3013), regs. 1, 41