# Friendly Societies Act 1974, Section 39C: Power of appropriate authority to require accounts of past years to be audited.

Extent: E+W+S+N.I.

(1) The appropriate authority may give a direction to a registered society or branch in respect of any relevant year of account of the society or branch before the year of account in which the direction is given—
(a) requiring it to appoint a qualified auditor or qualified auditors to audit its accounts and balance sheet for that year, and
(b) where it has sent to the FCA and, if the registered society or branch is a PRA-authorised person, the PRA its annual return for that year before the date of the direction, requiring it, after its accounts and balance sheet have been audited by a qualified auditor, to send the FCA and, if the registered society or branch is a PRA-authorised person, the PRA within three months from receipt of the direction a further annual return complying with the requirements of this Act (other than that as to time of sending).
(2) A failure by a registered society or branch to comply with any direction given by the appropriate authority under subsection (1) above shall be an offence under this Act.
(3) For the purposes of subsection (1) above, a year of account of a registered society or branch is relevant year of account if it is one at the end of which there is in force in relation to it a disapplication under section 32A(1) above.

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Source: https://www.legislation.gov.uk/ukpga/1974/46/section/39C (the official version)
Page: https://openlegislation.uk/friendly-societies-act-1974/section-39C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.