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Exempt and excepted charities160Exempt charities

(1)    Nothing in sections 144 to 155 (audit or examination of accounts) applies to an exempt charity.

(2)    Sections 156(2) to (6) and 157 (duty of auditors etc of individual accounts to report matters to Commission) apply in relation to a person appointed to audit, or report on, the accounts of an exempt charity which is not a company as they apply in relation to the person referred to in section 156 as “P”, but reading—

(a)    any reference to P's acting in the capacity mentioned in section 156(1) as a reference to the person acting as a person so appointed, and

(b)    any reference to the Commission or to any of its functions as a reference to the charity's principal regulator or to any of the latter's functions as principal regulator in relation to the charity.

(3)    Nothing in section 158 (duty of auditors etc in relation to group accounts) applies to an exempt charity.

NOTES
Initial Commencement
Specified date

Specified date: 14 March 2012: see s 355.
Accounting91 Reporting & Accounting Requirements for Charities96 Accounting Standards93 Company Law & Business Entities92 Companies & Corporate Bodies92 Company Accounts91 Charities Accounts91 Charitable Trusts & Institutions96 Auditing96 Charities91

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