Section 133 Exempt companies or limited liability partnerships: extraordinary auditF4 I1

(1)

This section applies where, in accordance with section 129, a F1registered provider appoints a reporting accountant to prepare a report in respect of its accounts for any year.

(2)

The regulator may require the F2registered provider to—

(a)

cause a qualified auditor to audit its accounts and balance sheet for that year, and

(b)

send a copy of the report to the regulator by a specified date.

(3)

A requirement may not be imposed before the end of the financial year to which it relates.

(4)

“Qualified auditor”, in relation to a F3registered provider, means a person who—

(a)

is eligible for appointment as a statutory auditor of the registered provider under Part 42 of the Companies Act 2006 (c. 46) (statutory auditors), and

(b)

is not prohibited from acting as statutory auditor of the registered provider by virtue of section 1214 of that Act (independence requirement).

Annotations

Textual amendments

F1: Words in s. 133(1) substituted (1.4.2024) by Social Housing (Regulation) Act 2023 (c. 36), s. 46(3), Sch. 1 para. 16(b); S.I. 2024/437, reg. 2(w)(iii)
F2: Words in s. 133(2) substituted (1.4.2024) by Social Housing (Regulation) Act 2023 (c. 36), s. 46(3), Sch. 1 para. 16(b); S.I. 2024/437, reg. 2(w)(iii)
F3: Words in s. 133(4) substituted (1.4.2024) by Social Housing (Regulation) Act 2023 (c. 36), s. 46(3), Sch. 1 para. 16(b); S.I. 2024/437, reg. 2(w)(iii)
F4: Words in s. 133 heading inserted (1.4.2024) by Social Housing (Regulation) Act 2023 (c. 36), s. 46(3), Sch. 1 para. 16(a); S.I. 2024/437, reg. 2(w)(iii)

Commencement

I1: S. 133 in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)

Notes on Part 2

Modifications

C1: Pt. 2 modified (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 16 para. 69(2); S.I. 2012/628, art. 6(i) (with arts. 9 11 14 15 17)

Section 133 Exempt companies or limited liability partnerships: extraordinary auditF4I1