{
  "url": "https://openlegislation.uk/draft-building-societies-act-1986-international-accounting-standards-and-other-accounting-amendments-order-2004/article-7",
  "json_url": "https://openlegislation.uk/draft-building-societies-act-1986-international-accounting-standards-and-other-accounting-amendments-order-2004/article-7.json",
  "legislation": "ukdsi/2004/0110499301",
  "legislation_title": "The Building Societies Act 1986 (International Accounting Standards and Other Accounting Amendments) Order 2004",
  "legislation_url": "https://openlegislation.uk/draft-building-societies-act-1986-international-accounting-standards-and-other-accounting-amendments-order-2004",
  "path": "article/7",
  "kind": "article",
  "number": "7",
  "heading": "Auditors' report and publication of accounts",
  "text": "After section 81 of the 1986 Act insert—\n“Requirements in connection with publication of accounts\n81A (1) If a building society publishes any of its statutory accounts, they must be accompanied by the relevant auditors' report under section 78.\n(2) A building society that is required to prepare group accounts for a financial year must not publish its statutory individual accounts for that year without also publishing with them its statutory group accounts.\n(3) If a building society publishes non-statutory accounts, it must publish with them a statement indicating—\n(a) that they are not the society’s statutory accounts,\n(b) whether statutory accounts dealing with any financial year with which the non-statutory accounts purport to deal have been prepared,\n(c) whether the society’s auditors have made a report under section 78 on the statutory accounts for any financial year, and\n(d) whether any such auditors' report—\n(i) was qualified or unqualified, or included a reference to any matters to which the auditors drew attention by way of emphasis without qualifying the report, or\n(ii) contained a statement under section 79(6) (failure to obtain necessary information and explanations);\nand it must not publish with any non-statutory accounts any auditors' report made under section 78.\n(4) For the purposes of this section a building society is regarded as publishing a document if it publishes, issues or circulates it or otherwise makes it available for public inspection in a manner calculated to invite members of the public generally, or any class of members of the public, to read it.\n(5) References in this section to a building society’s statutory accounts are to its annual accounts as required to be laid before the society under section 81; and references to the publication by a society of “non-statutory accounts” are to the publication of—\n(a) any balance sheet or income and expenditure account relating to, or purporting to deal with, a financial year or part of a financial year of the society, or\n(b) an account in any form purporting to be a balance sheet or income and expenditure account for the group consisting of the society and its subsidiary undertakings relating to, or purporting to deal with, a financial year or part of a financial year of the society,\notherwise than as part of the society’s statutory accounts or summary financial statement prepared under section 76.\n(6) A building society which contravenes any provision of this section, and any officer of it who is in default, is guilty of an offence and liable on summary conviction to a fine not exceeding level 3 on the standard scale.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2004/0110499301/article/7",
    "retrieved_at": "2026-10-30T15:23:35.496857+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}