13A Financial statements must be audited

(1)

A community trust must ensure that its financial statements are audited by a qualified auditor (within the meaning of section 35 of the Financial Reporting Act 2013).

(2)

See sections 37 to 39 of the Financial Reporting Act 2013 (which provide for the appointment of a partnership and access to information in relation to a community trust).

(3)

The auditor must, in carrying out an audit, comply with all applicable auditing and assurance standards.

(4)

The auditor’s report on the financial statements must comply with the requirements of all applicable auditing and assurance standards.

(5)

Subsections (3) and (4) do not apply to a community trust that is a public entity (within the meaning of the Public Audit Act 2001).

Section 13A: inserted, on 1 April 2014, by section 125 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).