# Companies (1986 Order) (Audit Exemption) Regulations (Northern Ireland) 1995, Paragraph 2


The following regulations shall be inserted after regulation 6—
“6A (1) Subject to paragraph (2), where a company’s reporting accountant has, prior to the preparation of the revised accounts, made a report for the purposes of Article 257A(2) on the original annual accounts, he shall make a further report to the company’s members under this regulation on any revised accounts prepared under Article 253 and Article 257C shall apply mutatis mutandis.
(2) The directors of the company may resolve that the further report is to be made by a person who was not the original reporting accountant, but is qualified to act as the reporting accountant of the company.
(3) Paragraphs (2) to (4) of Article 244 shall apply to a report under this regulation as they apply, by virtue of Article 257E(2)(a), to a report made for the purposes of Article 257A(2).
(4) A report under this regulation shall, upon being signed by the reporting accountant, be, as from the date of the signature, the report on the annual accounts of the company for the purposes of Article 257A(2) in place of the report on the original annual accounts.
6B (1) Where as a result of the revisions to the accounts a company which, in respect of the original accounts, was exempt from audit by virtue of paragraph (1) of Article 257A, becomes a company which is eligible for exemption from audit only by virtue of paragraph (2) of that Article, it shall cause a report to be prepared in accordance with Article 257C in respect of the revised accounts.
(2) Where as a result of the revisions to the accounts, the company is no longer entitled to exemption from audit under Article 257A(1) or (2), the company shall cause an auditors' report on the revised accounts to be prepared.
(3) The report made in accordance with Article 257C or auditors' report shall be delivered to the registrar within 28 days after the date of revision of the revised accounts.
(4) Paragraphs (2) to (5) of Article 250 shall apply with respect to a failure to comply with the requirements of this regulation as they apply with respect to a failure to comply with the requirements of paragraph (1) of that Article but as if—
(a) the references in paragraphs (2) and (4) of that Article to “the period allowed for laying and delivering accounts and reports” were references to the period of 28 days referred to in paragraph (3); and
(b) the references in paragraph (5) to “the documents in question” and “this Part” were, respectively, a reference to the documents referred to in paragraph (3) and to the provisions of Part VIII of the Order as applied by these Regulations.”.

---
Source: https://www.legislation.gov.uk/nisr/1995/128/schedule/2/paragraph/2 (the official version)
Page: https://openlegislation.uk/companies-1986-order-audit-exemption-regulations-northern-ireland-1995/schedule-2/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.