# Charities Act 2011, Section 144: Audit of accounts of larger charities


(1) Subsection (2) applies to a financial year of a charity if—
(a) the charity's gross income in that year exceeds £1.5 million, or
(b) the charity's gross income in that year exceeds the accounts threshold and at the end of the year the aggregate value of its assets (before deduction of liabilities) exceeds £5 million.
“The accounts threshold” means the sum for the time being specified in section 133 (account and statement an option for lower-income charities).
(2) If this subsection applies to a financial year of a charity, the accounts of the charity for that year must be audited by a person who—
(a) is eligible for appointment as a statutory auditor under Part 42 of the Companies Act 2006, or
(b) is a member of a body for the time being specified in regulations under section 154 and is under the rules of that body eligible for appointment as auditor of the charity.

---
Source: https://www.legislation.gov.uk/ukpga/2011/25/section/144 (the official version)
Page: https://openlegislation.uk/charities-act-2011/section-144
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.